Premier Plans Rebound Strategy Amid Financing Concerns

摘要

UK independent Premier Oil seems to have taken a leaf out of the majors' book as it tries to appease investors by unveiling plans to divest noncore assets, focus on capital discipline and increase the potential for share buybacks, but some analysts worry that the plans are not aggressive enough. Premier has been in the doghouse with investors who have been unhappy with continuing project delays, production disappointments and the scale of investment in the $5.2 billion Sea Lion project in the Falkland Islands.