Premier Oil shares surge after price falls on Eon deal

Discussion in 'Market News' started by Lily, Feb 1, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Premier to pay less after Eon receives higher than expected dividend payment

    Despite the falling crude price, Premier Oil shares have surged after an update on its deal with Eon.

    The company had agreed to pay $120m plus an extra cash payment on completion for Eon’s UK north sea assets, and as the deal was classified as a reverse takeover its shares were suspended.

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