TIDMPMO

RNS Number : 9925M

Premier Oil PLC

14 January 2019

("Premier" or "the Group")

Statement re: Market speculation

14 January 2019

Premier notes the press speculation regarding the possibility of the Group making a UK acquisition.

Premier will continue to look at opportunities to acquire UK North Sea assets in line with the Group's stated strategy. There is no guarantee that the Group will bid in any process or that any process will complete.

Specifically, no firm decision has been taken to bid for all or any of the assets currently being marketed by Chevron and how, in the event that the Group were to be successful, the acquisition of such assets would be financed.

Current operational performance remains strong with production in the first two weeks of January averaging above 90 kboepd.

 
 Enquiries 
 Premier Oil plc                                      Tel: 020 7730 1111 
 Tony Durrant, Chief Executive 
 Richard Rose, Finance Director 
 
 Camarco                                              Tel: 020 3757 4983 
 Billy Clegg 
  Georgia Edmonds

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END

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January 14, 2019 03:41 ET (08:41 GMT)

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