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Completion of sale of Pakistan business

28 Mar 2019 07:00

RNS Number : 2497U

Premier Oil PLC

28 March 2019

PREMIER OIL PLC

("Premier")

Completion of sale of Pakistan business

28 March 2019

Premier is pleased to announce that it has completed the sale of Premier Oil Pakistan Holdings BV, which comprises Premier's Pakistan business, to Al-Haj Energy Ltd. This follows the receipt of necessary approvals and finalisation of working capital adjustments.

In total Premier has received the full consideration of US$65.6 million for the sale including deposits and completion payments paid by the buyer and net cash flows collected by Premier since the economic date of the transaction.

Enquiries
Premier Oil plc	Tel: 020 7730 1111
Tony Durrant (CEO) Richard Rose (Finance Director)

Camarco	Tel: 020 3757 4983
Billy Clegg James Crothers

Notes to editors

Premier's Pakistan business comprised non-operated equity interests in six gas producing fields in Pakistan. In 2018, production from these fields averaged 5.3 kboepd (net to Premier).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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11th Apr 2014	5:17 pm	RNS	Transaction in Own Shares
10th Apr 2014	5:18 pm	RNS	Transaction in Own Shares
9th Apr 2014	5:14 pm	RNS	Transaction in Own Shares

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