Deal Insight
Africa Oil acquires BTG's 50% stake in Prime Oil & Gas
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Africa Oil Corp. signed an agreement with BTG Oil & Gas to consolidate its equity in Prime Oil & Gas. Both companies hold 50% equity each in Prime Oil. In an all-share transaction, Africa Oil will acquire BTG’s 50% stake and issue 240 million new shares to BTG, equivalent to 35% of the enlarged Africa Oil. The deal is subject to Board and regulatory approvals.
Other reports you may be interested in
Asset Report
JKX Oil & Gas Ukraine assets
London-listed JKX Oil & Gas is currently the largest international operator in Ukraine by production volume. It operates five ...
$3,720
Asset Report
Parque dos Doces
Parque dos Doces comprises the joint development of three fields located in the Espírito Santo basin, immediately to the east of ...
$3,720
Asset Report
Pinauna
Pinaúna is a small oil field located offshore in the Camamu-Almada Basin. Given its small size, waxy oil and lack of ...
$3,720
