7th May 2008 07:01
Premier Oil PLC07 May 2008 PREMIER OIL plc ("Premier") Banda NW update The Banda NW appraisal well in PSC B, offshore Mauritania, reached target depthon April 12th encountering gas sands. The well was sidetracked into PSC Areaching target depth of 2727m on April 24th. Oil and gas intervals wereencountered as predicted and similar to those seen in the discovery well Banda-1approximately 2 kilometres to the east. Results of the wireline loggingindicate that the sidetrack well intersected an 85 metre (gross) gas column anda 15 metre (gross) oil column. The well has been suspended and the Atwood Hunter rig will now move to theChinguetti field for planned well intervention work. Participating Interests in the PSC Area A Joint Venture are: Fusion / Premier Oil Companies 4.615%PC Mauritania I Pty Ltd (Operator) 53.846%Tullow Oil plc 24.300%Mauritania Holdings B.V. 13.084%ROC Group Companies 4.155% Participating Interests in the PSC Area B Joint Venture are: Premier Oil Mauritania B Limited 9.231%PC Mauritania I Pty Ltd (Operator) 53.846%Tullow Oil plc 21.600%Mauritania Holdings B.V. 11.630%ROC Group Companies 3.693% 7 May 2008 ENQUIRIES Premier Oil plc Tel: 020 7730 1111Simon LockettTony Durrant Pelham PRJames Henderson Tel: 020 7743 6673Gavin Davis Tel: 020 7743 6677 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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