EnQuest, Premier Oil and Eni – Possible Acquirers for Ithaca

Calgary-based Ithaca Energy Inc said that it has received a non-binding proposal to acquire all of the outstanding shares of the company. The Ithaca board says talks are at a preliminary stage and there is no certainty that the non-binding proposal will lead to an offer. As a result, shareholders are not required to take any action and Ithaca does not intend to comment further unless a definitive agreement is reached. The possible buyers could be Apache Corp, Premier Oil Plc, Total SA, Dana Petroleum Plc, EnQuest Plc and ENI. Continue reading here..

Providence, EnQuest, Lochard and Ithaca to Sell UK North Sea Interests

As of 6-Feb-2012, Derrick recorded 12 UK North Sea packages put up by UK listed companies – Providence Resources Plc, EnQuest Plc, Lochard Energy Group Plc, Ithaca Energy Inc and Valiant Petroleum Plc, and UK-based private companies – Altaquest Energy Corporation (U K) Ltd, First Oil Expro, GTO Ltd, Hansa Hydrocarbons Ltd and Alkane Energy (UK) Ltd. Continue reading here..

EnQuest increases stake in Kraken discovery

EnQuest Plc has signed an agreement with Nautical Petroleum Plc to acquire 25% interest in Blocks 9/2b and 9/2c which includes the Kraken heavy oil discovery, UK North Sea. Continue reading..