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Statement re Market speculation

14 Jan 2019 08:41

RNS Number : 9925M
Premier Oil PLC
14 January 2019
 

("Premier" or "the Group")

Statement re: Market speculation

14 January 2019

 

Premier notes the press speculation regarding the possibility of the Group making a UK acquisition.

Premier will continue to look at opportunities to acquire UK North Sea assets in line with the Group's stated strategy. There is no guarantee that the Group will bid in any process or that any process will complete. 

Specifically, no firm decision has been taken to bid for all or any of the assets currently being marketed by Chevron and how, in the event that the Group were to be successful, the acquisition of such assets would be financed.

Current operational performance remains strong with production in the first two weeks of January averaging above 90 kboepd.

 

Enquiries

 

 

Premier Oil plc

 

Tel: 020 7730 1111

Tony Durrant, Chief Executive

 

 

Richard Rose, Finance Director

 

 

 

Camarco

 

Tel: 020 3757 4983

Billy Clegg

Georgia Edmonds

 

 

 

 

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.
 
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