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-Chrysaor merger to form Harbour Energy
Chrysaor Ltd and Premier Oil plc’s proposed reverse takeover will result in a new name for the combined companies of Harbour Energy plc. Harbour will be the largest London-listed independent oil and gas company by production and reserves. The board will comprise 11 directors, including six independent non-executive directors (NEDs), two NEDs appointed by funds managed […]
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 production falls due to Catcher issues
Premier Oil plc has lowered its full-year production guidance following problems in its biggest producer, the operated Catcher oil field in the UK central North Sea. OPERATIONS The company posted production figures of an average 62.5 thousand barrels of oil equivalent for 10 months to 31 October 2020. Guidance has been revised from previous forecasts […]
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 […]