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ID - Premier closes $66MM sale of Pakistan assets - April 2019



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Premier Oil closed the sale of its Pakistan assets to privately held AlHaj Energy Ltd. for $65.6 million. The transaction was announced nearly two years ago, in April 2017, when Premier said the sale was part of its strategy to sell noncore assets and cut debt. Al-Haj paid a deposit to Premier of $15 million in April 2017 and was scheduled to pay an additional deposit of $10 million in the next 60 days. The economic date of the transaction is Jan. 1, 2017,......
 
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