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01 Nov 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 31 October 2016 waived and replaced by a test for the 12 month period ending 30 November 2016. Premier expects to continue to receive monthly deferrals until negotiations with its lending group conclude.
Enquiries
Premier Oil plc
Tony Durrant, Chief Executive
Richard Rose, Finance Director
Tel: 020 7730 1111
Bell Pottinger
Lorna Cobbett
Henry Lerwill
Tel: 020 3772 2570