Premier Oil wants its debt holders to extend a waiver beyond September 30th

Sources confirmed on Friday that Premier Oil plc (LON: PMO) is seeking an extension on a waiver from its debt holders beyond 30th September on its borrowing terms. In the meantime, the company plans on getting the majority of its creditors (75% at least) to vote in favour of raising fresh equity. Shares of the company closed almost flat on Friday. Premier Oil is now exchanging hands at 16.05 pence per share in the stock market that marks its year to date low in 2020. In comparison, it had a significantly higher per-share price of 99 pence at the start