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 […]
Tag: acquisition
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 […]
Reabold owns 17.6% in Colle Santo option holder
Reabold Resources plc plans to increase its interest to 17.6% for £250,000 cash in the operator of the Colle Santo gas field. SECOND OPTION The company will acquire a further 1.6% in LNEnergy Ltd by subscribing for 18 new ordinary shares each at £13,889, funded from existing cash resources. As part of the investment, LNEnergy has […]
Egdon sale progresses after satisfying NSTA condition
Egdon Resources plc’s sale to Petrichor Partners LP has progressed following satisfaction of the oil and gas regulator’s condition. TIMETABLE The purchaser has confirmed receipt of the North Sea Transition Authority’s ‘comfort letter’ in relation to the acquisition, said Egdon today. Following the satisfaction or waiver of other conditions, the sanction hearing is expected to […]
Egdon sells for £26.6m to shareholder Petrichor
Egdon Resources plc has agreed to be sold for £26.64 million cash to its majority shareholder Petrichor Partners LP which plans to delist the company. TERMS Petrichor is a wholly owned subsidiary of Heyco Energy Group Inc. The parent company of Heyco Energy Group Inc and Petrichor is Explorers Petroleum Corp, controlled by George Yates […]