BRIEF-Maurel & Prom To Buy 40% Operating Working Interest In Sinu-9 Gas Licence In Colombia
ReutersFeb 10, 2025 6:49 AM
Feb 10 (Reuters) - Etablissements Maurel et Prom SA MAUP.PA:
SIGNING OF THE DEFINITIVE AGREEMENT FOR THE ACQUISITION OF A 40% OPERATING WORKING INTEREST IN THE SINU-9 GAS LICENCE IN COLOMBIA
TRANSACTION EFFECTIVE DATE 1 FEBRUARY 2025, CONSIDERATION $150 MILLION
M&P TO PAY $20 MILLION DEPOSIT, REMAINDER AT COMPLETION
M&P HAS 12-MONTH OPTION TO ACQUIRE ADDITIONAL 5% INTEREST FOR $18.75 MILLION
Source text: ID:nBw7VK8M7a
Further company coverage: MAUP.PA
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