2nd Apr 2008 07:01
Premier Oil PLC02 April 2008 PREMIER OIL PLC ("Premier" or "the Company") Drilling Update UK The Sparrow well on Block 23/22b has been drilled to a total depth of 10,598feet. The well encountered Palaeocene sandstones but they were water-bearing atthis location. Premier was carried through the costs of drilling Sparrowthrough a farm-down of its interest. The rig will now drill the Moth prospect in Block 23/21 in which Premier doesnot hold an interest. This well may de-risk further potential on Block 23/22bat the Jurassic level. 2 April 2008 ENQUIRIESPremier 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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