Premier Oil has announced the proposed appointment of three additional independent, non-executive directors (NEDs) to its board. Alan Ferguson, Margareth Øvrum and Andy Hopwood will be appointed with effect from completion of the merger with Chrysaor, except Ms Øvrum whose appointment will be effective on the later of 1 April 2021 and completion of the […]
Tag: Premier Oil
Premier and Chrysaor to form Harbour Energy
Chrysaor Ltd and Premier Oil plc’s proposed reverse takeover will result in a new name for the company of Harbour Energy plc. Harbour Energy will be the largest London-listed independent oil and gas company by production and reserves. The company’s board will comprise 11 directors including six independent non-executive directors, two non-executive directors appointed by funds […]
Premier to meet production target ahead of Chrysaor deal
Premier Oil plc reported it produced an average 61.2 kboepd for the first 11 months of 2020 and expected to meet its full-year guidance of 61‐64 kboepd. The company, currently engaged in a reverse takeover with Chrysaor, said 2021 production would be marginally higher at 61-66 kboepd, reflecting new production its operated Tolmount gas field […]
Premier Oil CEO Tony Durrant steps down from board
Premier Oil chief executive Tony Durrant stepped down today (16 December) from the company’s board of directors. He will remain CEO until 31 December 2020. Finance director Richard Rose will be the interim chief executive from 1 January 2021 until completion of Premier’s proposed merger with Chrysaor. Chief operating officer Stuart Wheaton will be interim […]
Premier Oil production falls due to Catcher issues
Premier Oil has lowered its full-year production guidance to 61,000-64,000 barrels per day from previous forecasts of 65-70 kboepd following problems in its biggest producer Catcher oil field. In today’s company results, Premier said it had produced on average 62.5 kboepd for the 10 month period ending 31 October 2020. The hydrocarbon exploration and production […]
Premier Oil creditors support proposed Chrysaor merger
Premier Oil plc said it had received support from each class of its creditors for the offshore company’s proposed merger with Chrysaor Holdings Ltd. The creditors have entered into a binding support letter for the deal which will also see a reorganisation of Premier’s existing financial arrangements. In October 2020, Premier announced the proposal following […]