Following receipt of notice from Britain’s Oil and Gas Authority, the regulatory condition concerning the two companies’ UK offshore license interests is now satisfied.
In addition, Premier has received anti-trust approval concerning the merger from the Mexican Economic Competition Commission. The company’s interests offshore Mexico include a stake in the Zama field.
The transaction remains subject to sanction of the restructuring plans by the Scottish Court. But assuming approval, Premier expects its shares to be readmitted to trading on April 1 as Harbour Energy.
