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Dow Jones Newswires: Premier Oil Bid From Shell ‘Highly Unlikely’

Friday, October 06, 2006 

1022 GMT [Dow Jones] A Royal Dutch Shell (RDSA) bid for Premier Oil (PMO.LN) is “highly unlikely” says analyst. Follows speculation from traders that RDSA is looking at Premier. Analyst notes this is an old rumour and is skeptical. “I don’t think Premier would add much to Shell’s existing operations,” he says. RDSA not immediately available to comment. Premier oil shares +3.7% at 1081p, Shell -0.2% at 1723p. (KHO)
 
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