PREMIER ACQUIRES EXPLORATION BLOCK IN SOUTHERN CHINA

Premier Consolidated Oilfields plc, London, has won exploration rights to the Nanpanjiang block in southern China's Hunan, Guangxi and Guizhou provinces. Premier's contract with China National Oil & Gas Exploration & Development Corp. gives it an initial 12 months exclusive rights to survey the 32,000 sq mile block. The company can then sign a production sharing contract covering all or part of the area. Premier said the block contains one of the largest onshore sedimentary basins in

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