| Lender discussions update | |
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01 Aug 2016
Premier's lending group has agreed to a further deferral of the test of Premier's financial covenants while discussions around the Company's existing debt arrangements continue. The test for the 12 month period ending 31 July 2016 will now be waived and replaced by a test for the 12 month period ending 31 August 2016.
As previously announced, negotiations continue to progress well with agreement of terms targeted for during this quarter. Further deferral of the covenant test date will be sought if required.
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
01 Aug 2016 Lender discussions update (212KB PDF)
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PremierOil plc
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CODE : PMO.L |
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PremierOil is a and oil producing company based in United kingdom. PremierOil is listed in United Kingdom. Its market capitalisation is GBX 11.4 billions as of today (US$ 13.4 billions, € 11.5 billions). Its stock quote reached its highest recent level on June 02, 2006 at GBX 999.00, and its lowest recent point on March 13, 2020 at GBX 10.02. PremierOil has 510 820 000 shares outstanding. |