Source - RNS
RNS Number : 5879I
Premier Oil PLC
01 September 2016
 

This announcement has been determined to contain inside information

 

PREMIER OIL PLC

("Premier" or "the Company")

Lender discussions update

1 September 2016

 

As previously announced, Premier is in discussions with its lending group on the terms of its existing financial facilities.  These continue to progress well. While these discussions continue Premier has been receiving monthly deferrals in respect of the tests of its financial covenants.  Therefore, and as anticipated, the test for the 12 month period ending 31 August 2016 has been waived and replaced by a test for the 12 month period ending 30 September 2016.  Premier expects to continue to receive monthly deferrals of the test of its financial covenants until negotiations conclude.

Enquiries

 

 

Premier Oil plc

Tel: 020 7730 1111

Tony Durrant, Chief Executive

 

Richard Rose, Finance Director

 

 

Bell Pottinger

Tel: 020 3772 2570

Gavin Davis

 

Henry Lerwill

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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