Killajoules

Oil and gas discovery at Zebedee, Falkland Islands
Premier is pleased to announce that the Zebedee well (14/15b-5) in PL004b (Premier 36 per cent equity) discovered 81 feet of net oil-bearing reservoir and 55 feet of net gas-bearing reservoir.

Completion of the farm-in for 60 % of Rockhopper Exploration plc’s (“Rockhopper”) licence interests in the Falkland Islands
Premier is pleased to announce that it has completed the farm-in for 60 per cent of Rockhopper’s licence interests in the Falkland Islands, which includes the Sea Lion development. This follows the expected cash payment of $231 million by Premier to Rockhopper and satisfaction of other closing conditions (including approval by the Falkland Islands Government). Operatorship of the Sea Lion development is expected to transfer to Premier at the end of October.

Loligo (42/07-01) Well Results - Gas Discovery
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is pleased to announce that the Loligo exploration well is a gas discovery.

Leiv Eiriksson Rig on Contract
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, notes the announcement made today regarding the 'Completion of the 2012 drilling programme' by Borders & Southern Petroleum plc. The Leiv Eiriksson is now under contract to FOGL and its joint venture partner Edison International Spa. The rig has commenced its move to the Loligo well location.

A further update will be provided once the well has spudded.

Proposed acquisition of 60 per cent. of Rockhopper Exploration plc’s (“Rockhopper”) licence interests in the Falkland Islands
Premier today announces that it has agreed to farm-in for 60 per cent. of Rockhopper’s licence interests in the Falkland Islands, which includes the Sea Lion development (the “Acquisition”). The initial payment will be $231 million in cash plus an exploration carry of up to $48 million and, subject to field development plan approval, a development carry of up to $722 million. These will be funded from a combination of Premier’s existing cash resources, facilities and cash flow from operations. Premier and Rockhopper have also agreed to pursue jointly exploration opportunities in the Falkland Islands and analogous plays in selected areas offshore Southern Africa.

Execution of Farm Out Agreement and Exploration Update
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is pleased to announce the execution of a farm out agreement with Edison International S.p.a. ("Edison").

FOGL, Farmout Option Agreement and rig update
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is pleased to announce the execution of an option to enter into a farmout agreement which, if exercised, would provide FOGL with greater financial flexibility in respect of its current and forward programmes.

FOGL, Operational Update & Investor Presentation
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, has today posted a new investor presentation on its website (www.fogl.com) and provides an update on its operations.

Desire Petroleum Dawn Well Operational Update
Desire Petroleum plc (AIM:DES) the company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a total depth of 1,697 metres in pre-rift sediments.

Desire Petroleum Operations Update
Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a depth of 1,313metres. Drilling and wireline logging data shows that no hydrocarbons have been found in the Jacinta Prospect. The well will now be drilled to the planned total depth around 1,670 metres to evaluate the deeper Dawn Prospect.