TIDMPMO

RNS Number : 5879I

Premier Oil PLC

01 September 2016

This announcement has been determined to contain inside information

PREMIER OIL PLC

("Premier" or "the Company")

Lender discussions update

1 September 2016

As previously announced, Premier is in discussions with its lending group on the terms of its existing financial facilities. These continue to progress well. While these discussions continue Premier has been receiving monthly deferrals in respect of the tests of its financial covenants. Therefore, and as anticipated, the test for the 12 month period ending 31 August 2016 has been waived and replaced by a test for the 12 month period ending 30 September 2016. Premier expects to continue to receive monthly deferrals of the test of its financial covenants until negotiations conclude.

 
 Enquiries 
 Premier Oil plc         Tel: 020 7730 1111 
 Tony Durrant, Chief 
  Executive 
 Richard Rose, Finance 
  Director 
 Bell Pottinger          Tel: 020 3772 2570 
 Gavin Davis 
 Henry Lerwill

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPBMJTMBIJBMF

(END) Dow Jones Newswires

September 01, 2016 02:00 ET (06:00 GMT)

Harbour Energy (LSE:HBR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Harbour Energy Charts.
Harbour Energy (LSE:HBR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Harbour Energy Charts.