Premier Oil PLC Completion of sale of Pakistan business (2497U)
March 28 2019 - 3:01AM
UK Regulatory
TIDMPMO
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).
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contact rns@lseg.com or visit www.rns.com.
END
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