Capricorn Energy plc’s expected $25 – $50m contingent payment hangs in the balance after first oil was moved to next year from the Sangomar field development, offshore Senegal. SPA AGREEMENT The change of date comes after Australian operator Woodside Petroleum’s today targeted first oil, initially due in late 2023, to mid-2024. Capricorn said that it […]
Tag: sales and purchase agreement (SPA)
Reabold conditionally acquires Simwell
Reabold Resources plc has increased its oil and gas interests with the conditional acquisition of Simwell Resources Ltd. LICENCES The company signed a sales and purchase agreement (SPA) for a total initial consideration, plus repayment of all outstanding creditors/liabilities, of £1 million in part shares-part cash. Reabold said that the deal would substantially increase its footprint […]
Altus Strategies to sell 30.1% stake in Alpha 3 SPV
Altus Strategies plc plans to reorganise its Australia portfolio with the sale of a 30.1% interest in Alpha 3 SPV Ltd for $5,267,500 in order to expand its Africa assets. PROCEEDS Alpha 3 is incorporated in the United Arab Emirates and owns a portfolio of 23 mining royalties in Australia, acquired from Newcrest Mining Ltd. […]