Premier Oil PLC (Premier) is engaged in oil and gas exploration, development and production. The Company’s operations are located in the North Sea, Asia, Middle East-Pakistan, and West Africa. During the year ended December 31, 2007, oil and gas proven and probable booked reserves amount to 212 million barrels of oil equivalent (mmboe). Working interest production for 2007, averaged 35,750 barrels of oil equivalent per day (boepd). Production comprised 34% liquids and 66% gas, with Pakistan and Indonesia each accounting for around 36% and 34% of the total respectively, the United Kingdom 28% and West Africa the remainder. As of December 31, 2007, proven and probable reserves, on a working interest basis, based on Premier and operator estimates, were 212 mmboe.