Premier Oil shares lifted by progress on production and debt

(Reuters) - Premier Oil said on Thursday production would come in at the top end of its forecast range this year, driven by its flagship North Sea Catcher field, and that it would cut debt by more than the $300 million (£234.45 million) previously promised. The British firm's shares rose about 5% in early trading. As the industry struggled with weak oil prices following a slump in 2014, Premier's debt climbed. Now it is looking to bring the figure down to under $2 billion by selling its stake..