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Statement re Possible Offer

7th Dec 2006 12:07

Premier Oil PLC07 December 2006 PREMIER OIL PLC ("Premier" or "the Company") Further to the announcement dated 23 October 2006 regarding a possible offer forthe Company, Premier Oil plc announces that it has terminated all discussions. The Board is extremely confident in the future prospects for the Group. Inparticular, the Company has embarked on an active period of high impactexploration drilling which, together with our recent exploration successes inboth Indonesia and Vietnam, and good progress in our portfolio of newdevelopment projects, offer shareholders substantial upside. 7 December 2006 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 Exchange

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