Tenaska Resources, LLC is offering certain Marcellus Shale assets located in Tioga county, Pennsylvania. BMO Capital Markets has been retained as exclusive financial advisor for this transaction. Continue reading here..
Tuesday, January 31, 2012
Has Centrica Bagged a Discount Bargain in Statfjord??
In the deal announced today, Centrica has acquired Reserves estimated at 36 MMBOE for a consideration of $223 million, which yield an effective $/2P BOE of $6.19. This metric is approximately 20% lower than the one seen in the Centrica – Shell deal of Sep-2010 at $7.85 ($225 million for 28.67 MMBOE). Continue reading here..
Monday, January 30, 2012
Cove Energy sells Tanzania assets for $38.8M
Cove Energy Plc, a ~$870 million enterprise value company, has signed an agreement to sell its assets in Tanzania to one of its partners – Wentworth Resources based in Tanzania. Pursuant to the transaction, Wentworth Resources will take control of Cove’s wholly owned subsidiary, Cove Energy Tanzania Mnazi Bay. Continue reading here..
San Leon Energy Seeks Farmin Partners for Tarfaya and Zag licences
San Leon Energy Plc is seeking farm-in partners to fund exploration drilling in Tarfaya and Zag licences onshore Morocco. Continue reading here..
Centrica acquires additional interest in Statfjord from ConocoPhillips for $223M
Centrica Plc has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of US$223 million, including US$103 million attributable to historic tax allowances. Continue reading here..
Total jumps on the Kurdistan bandwagon
Total is close to securing exploration rights over several oil and gas blocks in Iraqi Kurdistan. Continue reading here..
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