COMPANY NEWS: Top UK independents post record results for 2000

Top UK independent oil and gas firms are reporting record profits for 2000, citing higher oil and gas prices as the chief driver behind their increased earnings.Premier Oil PLC said that it had pulled itself into the black after 3 years of losses. The company recorded net profits of £6.1 million, compared with a 1999 deficit of £27.7 million.Enterprise Oil PLC said it had achieved record gains in turnover, profits, production, and reserves for 2000, despite revealing that its production forecast for 2001 was down 9% from original expectations.Edinburgh-based independent Cairn Energy PLC reported record results as high oil and gas prices drove its post-tax profits for 2000 up t...

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