Premier Oil PLC to Discuss Proposed UK North Sea Acquisitions, Underwritten Financing and Extension of Credit Facilities of BP PLC Call Transcript
Ladies and gentlemen, welcome to the accretive and strategic U.K. North Sea acquisitions and proposed extension of credit facilities conference call. My name is Kieran, and I'll be coordinating your call today. (Operator Instructions)
I will now hand over to your host, Tony Durrant, to begin. Tony, please go ahead.
Thank you, Kieran. Good morning, everybody. Two press releases from Premier this morning: the first was a trading update; and the second, a separate press release in respect of announced acquisitions, the funding for those acquisitions and related extension of our debt facilities.
Just before we get into the detail of those releases, let me just set a bit of context. I think if we reflect on 3 of our principal strategic objectives for the past 12 months, it would be restoring balance sheet strength, building our U.K. business and bringing in a partner for our Falkland assets. The effect of the announcement this morning, I think, is to materially move forward the
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