Premier Oil Plc announces acquisitions

  • Jan 07, 2020 GMT
  • Team Kalkine
 
  • The company has announced acquisitions of Andrew Area and Shearwater assets from BP Plc for $625 million
  • It has also announced acquisition of 25% stake in the Tolmount Area assets from Dana for $191 million plus contingent payments of $55 million
  • These transactions will contribute to augment group production by 2024
  • On 7th January 2020, at the time of writing, GMT 09:41 AM, PMO shares were trading at GBX 115.15, up by 13.70 points or 13.5% against the previous day closing price.

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