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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Harbour Energy Plc | LSE:PMO | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.40 | 22.50 | 22.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8430N Premier Oil PLC 23 July 2003 PREMIER OIL PLC ("Premier") Premier Joins Shell in Exploration of Offshore Indus, Pakistan Premier is pleased to announce the signing of an agreement to acquire 25% of Shell Development and Offshore Pakistan BV's (Shell) 95% working interest in Block 2365-1 Offshore Indus E, a deepwater exploration licence with both oil and gas potential in the Indus basin, approximately 150 kilometres south of Karachi. Kufpec Pakistan BV (Kufpec) will also acquire an interest on the same terms. The new partnership, finalisation of which is subject to regulatory approvals, will comprise Shell (47.50%), Premier (23.75%), Kufpec (23.75%), and Government Holdings (Private) Ltd (GHPL 5%). As a result of this agreement, Premier and Kufpec will each contribute approximately $4.5 million towards exploration costs in the current licence period including a 3D seismic survey. The area currently has widely spaced 2D seismic data coverage. A 3D seismic survey will significantly enhance the subsurface imaging of this Tertiary delta. It is hoped that this will increase the chance of success of further exploration on this block which has the potential to rank with other prolific Tertiary deltas. Charles Jamieson, Chief Executive of Premier, said: "We are delighted to be joining Shell to explore this exciting area. This deal will be an important addition to our growing stock of new exploration ventures." 23 July 2003 ENQUIRIES: Premier Oil plc Tel: 020 7730 1111 Charles Jamieson John van der Welle College Hill Tel: 020 7457 2020 Justine Hibbert Phil Wilson-Brown Background For Editors: Premier Oil plc is a leading independent oil and gas company with producing interests in the UK, Indonesia, and Pakistan. Exploration and appraisal is ongoing in the UK, Indonesia, West Africa (Mauritania, Guinea Bissau and Gabon) and South Asia (Pakistan and India). On 16 September 2002 Premier announced a major restructuring involving the transfer of interests in Myanmar and Indonesia to its major shareholders Amerada Hess and Petronas in return for the cancellation of their combined 50 per cent. shareholding in Premier, an injection of cash and repayment of Myanmar project debt. The restructuring leaves Premier as a fully independent oil company in a good position to follow its strategy of value creation and early realisation through oil and gas exploration and commercial deal-making. The partners and interests in block 2365-1 will be: Shell Development and Offshore Pakistan (Operator) 47.50% Premier Oil Pakistan Offshore BV 23.75% Kufpec Pakistan BV 23.75% Government Holdings (Private) Ltd 5.00% This information is provided by RNS The company news service from the London Stock Exchange END AGRQLLFLXDBZBBQ
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