RNS Number:0372N
Premier Oil PLC
01 July 2003


SCHEDULE 11                                                 1st July, 2003



NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1.  Name of company : PREMIER OIL PLC


2.  Name of director : MR J A VAN DER WELLE


3.  Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest : 2. ABOVE


4.  Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified) : 2. ABOVE


5.  Please state whether notification relates to a person(s) connected
with the director named in 2 above and identify the connected person(s) : N/A


6.  Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co or PEP and if discresionary/non
discretionary : EXERCISE OF SAYE SHARE OPTIONS


7.  No. of shares/amount of stock aquired : 86,495


8.  Percentage of issued class : 0.00549%


9.  No. of shares/amount of stock disposed : N/A


10. Percentage of issued class : N/A


11. Class of Security : ORDINARY


12. Price per share : #0.112p


13. Date of transaction : 30.06.03


14. Date company informed : 30.06.03


15. Total holding following this notification : 1,223,874


16. Total percentage holding of issued class following this notification :
0.07768%


If a director has been granted options by the company please complete the
following:-


17. Date of grant : N/A


18. Period during which or date on which exercisable : N/A


19. Total amount paid (if any) for grant of the option : N/A


20. Description of shares or debentures involved: class, number : N/A


21. Exercise price (if fixed at time of grant) or indication that the
price is to be fixed at the time of exercise : N/A


22. Total no. of shares or debentures over which options held following
this notification : N/A


23. Any additional information : NONE


24. Name of contact and telephone no. for queries : Lisa Parsons - 020 7730 1111






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