Serica Energy plc has agreed to buy Pharos Energy plc for approximately £145.7 million. COMPELLING Pharos’ assets include interests in two production fields holds, TGT and CNV, with potential from two additional exploration blocks, 125 and 126, in Vietnam, where is has been since 1997. The company additionally has interests in the El Fayum and […]
Tag: acquisition agreement
Deltic agrees £7.2m cash sale to Neo Next+
Deltic Energy plc has agreed to a £7.2 million cash sale of its assets, notably its 25% interest in the Selene prospect, to the UK North Sea’s largest oil and gas producer, Neo Next+. QUALITY Each Deltic share will be sold at 7.7 pence in cash, which represents a premium of 156.7 % to the […]