Hummingbird Resources plc said that US$75 million had been offered for its 53% investee company developing the Dugbe gold project in Liberia. FINANCING Pasofino Gold Ltd signed an exclusivity agreement with the potential purchaser, valid until 7 November 2024. Subject to due diligence and financing, a definitive agreement is expected during the fourth quarter of […]
Tag: acquisition
Harbour completes Wintershall acquisition
Harbour Energy plc today completed its acquisition of the Wintershall Dea asset portfolio, comprising Wintershall Dea AG’s upstream assets. GLOBAL Harbour now produces 475,000 barrels of oil equivalent per day with “significant” production in Norway, the UK, Argentina, North Africa and Germany. The company said it now had a 2P reserve base of c.1.5 billion […]
i3 Energy agrees £174m sale to Gran Tiera
i3 Energy plc has agreed to a £174.1 million (US$225.4m) cash and share bid for its entire share capital from Gran Tierra Energy Inc. RECOMMENDATION I3’s portfolio comprises operations in Central Alberta, Clearwater, Elmworth/Wapiti and Simonette in the Western Canadian Sedimentary Basin. The company also holds 75% of Outer Moray Firth licence P2358, containing the […]
Harbour to acquire Wintershall Dea’s assets
Harbour Energy plc has agreed to acquire Wintershall Dea AG’s upstream assets for $11.2 billion. RESERVES The German company’s portfolio includes its upstream assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya and Algeria as well as Wintershall’s CO2 capture and storage licences in Europe. The transaction, Harbour’s fourth major acquisition, will add 1.1bn boe of 2P […]
Kavango to acquire 15% of gold explorer Pambili
Kavango Resources plc expects to acquire 15% of gold explorer Pambili Natural Resources Corporation by converting its $250,000 convertible loan and a $75,000 loan premium into shares. GOLDEN VALLEY In 2022 Pambili, previously solely focused on oil and gas, completed an earn-in investment of up to 75% of Golden Valley gold mine in Matabeleland, southern […]
£26.6m acquisition of Egdon sanctioned
Egdon Resources plc said that the High Court has issued the court order sanctioning the £26.6 million acquisition of the company by its majority shareholder Petrichor Partners LP. The record time for the scheme will be 6pm on 13 September 2023. Subject to the court order being delivered to the Registrar of Companies, the transaction […]