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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