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               27 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      1,662,009       2.03%      232,108        0.28%
securities
(2) Derivatives     219,686       0.27%      842,823        1.03%
(other than
options)
(3) Options and           0       0.00%            0        0.00%
agreements to
purchase/sell

Total             1,881,695       2.30%    1,074,931        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        15,443               13.4493
Purchase           782               13.5200
Purchase         1,835               13.3653
Purchase         3,000               13.3827
Sale             8,300               13.3343
Sale               350               13.4601
Sale             2,500               13.0120
Sale            11,200               13.3682
Sale             3,000               13.4004
Sale            10,200               13.3984


(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          1835                   13.3653
CFD          Short          3000                   13.3826
CFD          Short         15443                   13.4492
CFD          Long           8300                   13.3343
CFD          Long           3821                   13.3655
CFD          Long          11200                   13.3682
CFD          Long          10200                   13.3983
CFD          Long           3000                   13.4004


(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                         28 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