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Exploration Update

22nd Nov 2007 14:01

Premier Oil PLC22 November 2007 PREMIER OIL plc ("Premier") ANNE-1X DW Update Pakistan As reported in the Pakistan press earlier today, the Anne-1X well is beingplugged and abandoned by the operator Shell. The well was drilled in waterdepths greater than 1,300 meters below sea level to a target depth of around3,250 meters below sea level and encountered some minor gas shows. 22 November 2007 ENQUIRIES Premier Oil plc Tel: 020 7730 1111Simon LockettTony DurrantJamie BassettPelham PRJames Henderson Tel: 020 7743 6673Gavin Davis Tel: 020 7743 6677 Notes to editors: Premier holds a 12.50% working interest in the venture. The other workinginterest owners are Shell Development & Offshore Pakistan BV (Operator) 25.00%Oil & Gas Development Co Ltd, 30.00%, Pakistan Petroleum Ltd, 20.00%, KUFPECPakistan B.V., 12.50%. This information is provided by RNS The company news service from the London Stock Exchange

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