13th Jan 2016 08:08
LONDON (Alliance News) - Premier Oil PLC Wednesday said its shares have been temporarily suspended from trading ahead of an announcement concerning a potential acquisition that would be classed as a reverse takeover under listing rules.
The company did not provide any further details on the potential deal.
Rockhopper Exploration PLC, one of its partners on the Sea Lion project offshore the Falkland Islands, released a statement Wednesday that estimated the project would now produce more oil than originally planned over a longer period of time than first thought.
By Joshua Warner; [email protected]; @JoshAlliance
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Related Shares:
PMO.LRockhopper