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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Heritage Acquires a Major Interest in OML 30 Nigeria

Heritage Oil Plc Not Disclosed
AnnouncedJul 2, 2012
TypeProperty
Announced Date
July 02,2012
Effective Date
November 01,2012
Close Date
November 09,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
850




Snapshot
Asset/Basin:
{"Niger Delta"}
Location
Region
Africa,Africa - West Africa

Country
Nigeria


Transaction Details:  Subscribe to see

Heritage Oil Plc, an independent upstream exploration and production company, announces that Shoreline Natural Resources Limited ("Shoreline"), a special purpose private Nigerian company formed between a subsidiary of Heritage and a local Nigerian partner, Shoreline Power Company Limited ("Shoreline Power"), has reached agreement to acquire, by way of assignment, a 45% participating interest in a producing oil mining lease in Nigeria ("OML 30"), together with a 45% interest in other assets under the joint operating agreement for OML 30 (the "Acquisition Assets"), for a total cash…

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