Mergers and Acquisitions: News for Oil & Gas and Hydrocarbon Industries  Membership Services
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Solo Oil Terminates a Mutual Agreement with Obtala

Source: www.gulfoilandgas.com 4/5/2012, Location: South America

Share |

Solo Oil plc announces that discussions regarding the Heads of Agreement (HOA) with Obtala Resources Limited (Obtala) to acquire Ilakon Limited, a wholly owned Obtala subsidiary, which holds the beneficial rights to the Mina El Carmen block in Argentina, have been terminated by mutual agreement. The HOA announced in December 2011 anticipated completion in late January 2012, however, the parties have now concluded that administrative delays in due diligence preclude timely completion and have agreed to terminate the HOA.

Solo, in line with its investment strategy to acquire a diverse portfolio of direct and indirect interests in exploration, development and production, continues to actively review investment opportunities, but is currently focussed on Tanzania as a result of the recent discovery in its Ntorya-1 well in the Ruvuma PSA.

Mergers and Acquisitions News in Argentina >>

Americas Petrogas Completes Sale of Subsidiary to Tecpetrol
  Argentina >>  8/28/2015 - Americas Petrogas Inc. has closed the previously announced sale transaction pursuant to which Tecpetrol International S.A. and Tecpetrol Internacional...
Primeline & Loyz Extend Deadline to Reach Agreement on Merger
  China >>  8/28/2015 - Primeline Energy Holdings Inc. (PEH) announces that it has agreed with Loyz Energy Limited (Loyz) to extend the date for entry into definitive, bind...

Maurel & Prom Eyes Merger after MPI Deal to Cope with Low Oil Prices
  Nigeria >>  8/28/2015 - French energy exploration and production company Maurel & Prom said it was reabsorbing its former Nigerian unit MPI as a first step towards tripling i...
Mart Resources Terminates Midwestern Transaction
  Canada >>  8/27/2015 - Mart Resources, Inc announces that, further to its press releases of June 15, 2015, July 16, 2015, July 27, 2015 and August 18, 2015, under the terms ...

Chiyoda & Ezra Holdings Enter into MOU to Establish 50:50 JV
  Japan >>  8/27/2015 - Chiyoda Corporation and Ezra Holdings Limited enter into MOU to establish 50:50 Joint Venture, EMAS CHIYODA Subsea ...
Aminex Makes a Reorganization and Continuation of its Interests
  Egypt >>  8/24/2015 - Aminex announces a reorganisation and continuation of its Egyptian interests through a conversion of its carried interest to first production into an ...



Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Argentina Oil & Gas 1 >>  2 |

More News

Oil & Gas Projects in Argentina >>

Oil & Gas Companies in Argentina >>

Related Links

Countries Quick Links

AR BM BO BR CL CO EC FK GY MX PE TT UY VE
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed