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Premier Oil's offshore Mexico discovery 'a world class success' - CEO Tony Durrant

Tony Durrant, chief executive of Premier Oil PLC (LON:PMO) discusses with Proactive's Andrew Scott their new “world class” oil discovery offshore Mexico, with the Zama-1 exploration well unearthing an estimated 1bn barrel find.

The well hit a gross oil bearing interval spanning 335 metres, with up to 200 metres of net oil bearing reservoir.

Light oil has so far been recovered to surface.

Quick facts: Premier Oil PLC

Price: 17.235 GBX

LSE:PMO
Market: LSE
Market Cap: £1.45 m
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