5th Mar 2008 07:01
Premier Oil PLC05 March 2008 PREMIER OIL PLC ("Premier") UK Block 23/22b Farmout Premier is pleased to announce the completion of farmout agreements with Oilexcoand BG relating to its interest in Block 23/22b which contains the PalaeoceneSparrow prospect (25-40 mmbbls, on trend with the recent Columbus discovery)along with a deeper Jurassic prospect. Oilexco are drilling a well to test aJurassic prospect in the adjacent block 23/21, which will be sidetracked to testthe Sparrow prospect. Premier will be carried for the costs of the well and willretain a 25% interest. The well is expected to spud imminently. 5 March 2008ENQUIRIESPremier 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:
PMO.L