Premier reports a sale agreement in relation to its interests in PL 089 and P 534 containing the Wytch Farm field to Perenco. This would imply the sale to Verus Petroleum has not pushed through as announced on 12 Sep â17, and includes an unchanged cash consideration of USD 200 MM and the release of Premier from letters of credit totalling approximately USD 75 MM. Â The effective date of the sale to Verus would have been 1 Jul â17. Partnership so far Perenco (op) 53.365%, Premier 34.135%, Ithaca 7.5%, Repsol Sinopec 5%. 
Premier Oil has entered into a sale and purchase agreement to sell its interests in Licences PL089 and P534, containing the Wytch Farm field, to Perenco (->87.6% + op, Ithaca 7,4%, Repsol Sinopec 5%).and no to Verus Petroleum SNS.