Completion of the acquisition of ONSL

21st May 2009 13:45



PREMIER OIL plc

("Premier")

 

Completion of the acquisition of Oilexco North Sea Limited ("ONSL")

21st May 2009

Premier is pleased to announce that it has today completed the acquisition of ONSL. The final payments made by Premier at completion amounted to $500.7 million, after adjusting for certain payables, receivables and other items which have occurred between the effective date and completion.

Enquiries

Premier Oil plc Tel: 020 7730 1111

Simon Lockett

Tony Durrant

Pelham PR

James Henderson Tel: 020 7337 1501 / 07774 444 163

Gavin Davis Tel: 020 7337 1515 / 07910 104 660

Evgeniy Chuikov Tel: 020 7337 1513 / 07894 608 606

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