TIDMPMO

RNS Number : 4798Q

Premier Oil PLC

30 November 2016

This announcement has been determined to contain inside information

PREMIER OIL PLC

("Premier" or "the Company")

Deferral of Financial Covenant Test

30 November 2016

As anticipated, Premier has received a monthly deferral in respect of the test of its financial covenants with the test for the 12 month period ending 30 November 2016 waived and replaced by a test for the 12 month period ending 31 December 2016. As stated in our trading update on 17 November the Company is making good progress in finalising revised terms of its financial facilities and agreements. Premier expects to continue to receive monthly deferrals until negotiations with its lending group conclude.

 
 Enquiries 
 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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November 30, 2016 02:00 ET (07:00 GMT)

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