Rule 8.3 - PREMIER OIL

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              PREMIER OIL
Class of relevant security    ORD GBP0.50
to which the dealings being
disclosed relate (Note 2)
Date of dealing               24 November 2006

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                           Long                      Short

                     Number       (%)          Number       (%)

(1) Relevant      1,676,499       2.05%      217,464        0.27%
securities
(2) Derivatives     217,464       0.27%      856,844        1.05%
(other than
options)
(3) Options and           0       0.00%            0        0.00%
agreements to
purchase/sell

Total             1,893,963       2.31%    1,074,308        1.31%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number         (%)         Number        (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


(c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

(a)  Purchases and sales

Purchase/Sale Number of Securities Price per unit (GBP)
Purchase      73                   12.9726
Purchase      782                  13.1300
Purchase      8,800                13.0636
Sale          1,835                12.8974
Sale          542                  12.9674
Sale          8,500                12.9700
Sale          10,300               13.0348


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name,      (Note 6)      (Note 7)              Unit (GBP)
e.g. CFD
CFD        Short         73                    12.9726
CFD        Short         8800                  13.0636
CFD        Long          5013                  12.76
CFD        Long          5454                  12.8723
CFD        Long          1835                  12.8974
CFD        Long          542                   12.9673
CFD        Long          8500                  12.9700
CFD        Long          4221                  13.0162
CFD        Long          10300                 13.0347
NB: The below transactions which were disclosed on 22/11/2006 have been cancelled
Long/Short Number of Securities Price per unit (GBP)
Long       10,908               12.8723
Long       10,026               12.76


(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)



(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)



4.   OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.





Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         27 November 2006
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk