26th Oct 2007 07:01
Premier Oil PLC26 October 2007 PREMIER OIL PLC ("Premier" or "the Company") Masimpur-3 testing update India Planned testing on Masimpur-3, as reported on 23rd August 2007, has now beencompleted. The delay to testing was caused by fishing operations. Despite thefact that the logs identified the potential for hydrocarbons and that oil andgas shows were observed during drilling, the well did not flow commercial gas oroil volumes during testing. The well is being plugged and abandoned. Since no commercial discovery has beenmade by the end of the Exploration Period, the PSC will now terminate. Premier has a net 14.5% interest in the block. 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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