Premier Oil rights issue boosted by share bounce, but legal hurdle remains
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EquityFollow-ons and Rights issues

Premier Oil rights issue boosted by share bounce, but legal hurdle remains

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Premier Oil’s stock surged by more than 65% on Friday after the company gave an update on its cash position following this week’s equity market slump, a positive for the banks working on its rights issue. However, the deal also hinges on a court case in Scotland.

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