« Back to press releases
29 Apr 2016
The Board of Premier is pleased to announce that following receipt of all necessary approvals, the acquisition of the UK North Sea assets from E.ON has now completed.
Tony Durrant, Chief Executive, commented:
'We are pleased to have completed the acquisition of the UK North Sea assets from E.ON which strengthens Premier's position in the UK North Sea, adding high quality assets at a compelling valuation of only $1.6/boe. The acquired assets have had a strong start to 2016, performing ahead of expectation, adding immediate cash generative production of over 17 kboepd and provide future opportunities to enable us to deliver value for our shareholders.'
For further information please contact:
Enquiries
Premier Oil plc
Tony Durrant, Chief Executive
Richard Rose, Finance Director
Tel: 020 7730 1111
Bell Pottinger
Gavin Davis
Henry Lerwill
Tel: 020 3772 2570