Premier integrates reservoir rock and fluid measurements across multiple disciplines to deliver completions and reservoir solutions in unconventional and conventional plays. Our proven workflows deliver timely, relevant data by doing the right experiments, doing those experiments right, and providing client-ready, fit-for-use results. GLAS is a pioneer in the non-bank loan agency, structured finance & corporate trustee market place. Premier’s strategy is to grow shareholder value by investing in high quality production and development opportunities while maintaining exposure to upside value from successful exploration within a strict capital discipline framework. The current status of the logo is obsolete, which means the logo is not in use by the company anymore. Share. Find out more. Premier Oil. Premier's story dates back to 1934 where the company was founded as the Caribbean Oil Company, to pursue oil and gas exploration and production activities in Trinidad. Notably, the Group discovered the Catcher Area in 2010, acquired Oilexco in 2009 … Premier Oil is a member of the FTSE4Good Index SeriesPremier’s strategy is to grow shareholder value by investing in high quality production and development opportunities while maintaining exposure to upside value from successful exploration within a strict capital discipline frameworkKeep up to date with Premier's latest news by signing up for Email Alerts or using the RSS link.Premier is a leading independent exploration and production company with oil and gas interests in the North Sea, South East Asia, the Falkland Islands and Latin America.Download our 2019 Annual Report below.Read a message from our CEO Tony DurrantRead our 2019 Sustainability Report here. Premier Oil is a member of the FTSE4Good Index SeriesPremier’s strategy is to grow shareholder value by investing in high quality production and development opportunities while maintaining exposure to upside value from successful exploration within a strict capital discipline frameworkKeep up to date with Premier's latest news by signing up for Email Alerts or using the RSS link.Premier is a leading independent exploration and production company with oil and gas interests in the North Sea, South East Asia, the Falkland Islands and Latin America.Download our 2019 Annual Report below.Read a message from our CEO Tony DurrantRead our 2019 Sustainability Report here. Additionally, Premier utilizes its vast expertise to answer critical questions through analysis and simulation. Our History Premier integrates reservoir rock and fluid measurements across multiple disciplines to deliver completions and reservoir solutions in unconventional and conventional plays. Premier Oil representatives were not immediately available for comments.It has campaigned against the company’s proposal to invest in North Sea assets and it is seeking in court to block the firm’s plans – which are supported by the majority of the company’s remaining creditors.That was before Russia said it would no longer stick to OPEC’s policy of maintaining production cuts, sending prices crashing.Premier chief executive Tony Durrant said on March 3 that the company would not change its oil price forecast of $65 a barrel for this year and next.If the court approves Premier Oil’s plan, management will ask shareholders backing for the acquisition and a $500 million capital increase, which is currently three times its market capitalization.At current levels, the company could burn through $1.2 million in cash per day, Asian Research & Capital Management said on Thursday.The plans, however, seem far-fetched in the aftermath of a collapse in crude prices this week.Brent crude prices were trading at $33.87 at 9:58am London time.The company held $151 million of cash reserves at the end of 2019.“Premier Oil should be focusing on its cash flow position and protecting the balance sheet as a matter of priority,” ARCM said in a statement.“We encourage the company to engage with its creditors to find a long-term solution which would significantly reduce leverage and provide a stable balance sheet.”The UK oil explorer is seeking court approval for the acquisition of oil and gas fields in the North Sea and the extension of more than $2 billion debt maturities to 2023.Premier Oil’s negotiated the acquisitions in the autumn of 2019 using high forward prices, ARCM said in the statement.A hearing on the case is scheduled in Edinburgh on March 17.The acquisition is based on price assumptions of around $60 to $70 for the next five years, and gas price estimates of 40 pence to 57 pence per therm in the same timeframe.“We believed these estimates were unrealistic at the time and are even more unrealistic today.”Premier Oil Plc needs to review its debt obligations as it faces the likelihood of running out of money soon with oil prices at less than $40 per barrel, according to its largest creditor.The hedge fund owns more than 15% of the company’s debt and also holds a short position on 17% of Premier Oil’s shares.

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