Premier provides an update summarising recent operational activities and guidance in respect of its half year financials to 30 June 2015. This is in advance of the Group's 2015 Half-Yearly Results which will be published on Thursday 20 August 2015.

Tony Durrant, Chief Executive, commented, 'We have delivered a strong production performance in the first half while further progressing our sanctioned developments and achieving significant exploration success in the Falklands. We have remained focused on minimising our cost base with forecast full year operating expenditure below our already considerably reduced budgets. Consequently, net debt during the first half has remained flat despite our continuing investment programme. We remain well-placed to generate long term cash flows to fund both our committed developments and to manage our balance sheet, even in a sustained low oil price environment.'

Tags: Premier Oil