Premier Oil PLC Share price weakness (8310X)
February 24 2017 - 8:28AM
UK Regulatory
TIDMPMO
RNS Number : 8310X
Premier Oil PLC
24 February 2017
This announcement has been determined to contain inside
information
PREMIER OIL PLC
("Premier")
Share price weakness
24 February 2017
Premier notes the recent weakness in its share price.
As per the timetable previously guided, the Private Lenders are
currently going through their formal credit committee approval
process in respect of locking up to the terms of the refinancing
and good progress is being made. Premier is also in the process of
finalising agreement to the amended terms of its convertible bonds
with additional significant bondholders who are also expected to
lock up shortly. Premier expects to provide a refinancing update to
the market in the next few days.
Current operational performance remains strong with production
year to date averaging over 79 kboepd against market guidance of 75
kboepd, which remains unchanged.
Premier Oil plc Tel: 020 7730 1111
Tony Durrant, Chief
Executive
Richard Rose, Finance
Director
Bell Pottinger Tel: 020 3772 2570
Lorna Cobbett
Henry Lerwill
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 24, 2017 09:28 ET (14:28 GMT)
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