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Premier Oil Plc Completion of sale of Pakistan business

Premier Oil PLC
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Premier Oil Plc (LON:PMO) today announced that it has completed the sale of Premier Oil Pakistan Holdings BV, which comprises Premier’s Pakistan business, to Al-Haj Energy Ltd. This follows the receipt of necessary approvals and finalisation of working capital adjustments.

In total Premier has received the full consideration of US$65.6 million for the sale including deposits and completion payments paid by the buyer and net cash flows collected by Premier since the economic date of the transaction.

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