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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Harbour Energy Plc | LSE:HBR | London | Ordinary Share | GB00BMBVGQ36 | ORD 0.002P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.30 | -1.71% | 304.10 | 306.00 | 307.00 | 315.00 | 304.90 | 315.00 | 933,349 | 16:35:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2019 to Jul 2024
By Adria Calatayud
Premier Oil PLC (PMO.LN) said Tuesday that it is planning a $500 million equity raise to fund two acquisitions of U.K. North Sea assets from BP PLC (BP.LN) and Dana Petroleum (E&P) Ltd.
The U.K. oil-and-gas company said it has agreed to buy a 25% stake in the Premier-operated Tolmount area from Dana for $191 million plus contingent payments of up to $55 million. Tolmount is on schedule to deliver its first gas by end-2020, the company said.
The company is also acquiring BP's interests in the Andrew area in the central U.K. North Sea and its nonoperating interest in the Shearwater field for $625 million.
Premier said it expects the equity raise will include both a placing and rights issue component, the structure and terms of which will be confirmed in the first quarter of 2020 following consultation with major shareholders.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
January 07, 2020 03:07 ET (08:07 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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