TIDMPMO

RNS Number : 8623G

Premier Oil PLC

19 March 2020

Premier Oil plc

"Premier"

Conclusion of court hearing

19 March 2020

Premier announces that the hearing to sanction the creditor schemes of arrangement concluded today in the Court of Session in Edinburgh. Court approval of the schemes is required to provide lender consent for the announced UK North Sea Acquisitions, related funding arrangements and extension of Premier's credit facilities. Premier will provide a further update to the market once the Judge has made her decision.

Enquiries

Premier Oil plc

Tony Durrant, CEO

Richard Rose, Finance Director

Tel: 0207 730 1111

Camarco

Billy Clegg

James Crothers

Tel: 020 3757 4983

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END

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(END) Dow Jones Newswires

March 19, 2020 12:22 ET (16:22 GMT)

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