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
Casabe
Casabe is one of Ecopetrol's legacy assets. The operator entered the block in 1975 following Shell`s relinquishment due to limited ...
$3,720
Asset Report
JKX Oil & Gas Ukraine assets
London-listed JKX Oil & Gas is one of the largest international operators in Ukraine by production volume. It operates five legacy ...
$3,720
Asset Report
Riacho da Forquilha
The Riacho da Forquilha cluster has 34 onshore mature assets located in the Ceará-Potiguar basin. The concessions are grouped ...
$3,720
