5th Jul 2007 14:46
Premier Oil PLC05 July 2007 PREMIER OIL PLC ("Premier" or "the Company") Press Speculation In response to recent press speculation in India, Premier Oil is providing thefollowing Status Report on the Masimpur-3 well which it is drilling in Assam,India. To date the well has been drilled to a measured depth of 4002m. At this depth asandstone formation has been encountered along with good hydrocarbon shows andhigh formation pressure. The extent and quality of the sandstone, and the natureof the hydrocarbons encountered are as yet unknown. It is thus too early tocomment on their significance. The high pressure has caused mechanicaldifficulties and may lead to the need to sidetrack the well to reach the targetdepth. The Company will provide further information as appropriate. 5 July 2007ENQUIRIESPremier Oil plc Tel: 020 7730 1111Simon Lockett 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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