Premier Oil said it has received a monthly deferral in respect of the test of its financial covenants.
The test for the 12 month period ending this month will be replace by a test for the 12 month period ending next month instead.
In a statement, the company said it was continuing to make “good progress” in finalising revised terms of its financial facilities and agreements.
Premier Oil said it expects to continue to receive monthly deferrals until negotiations with its lending group conclude.
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