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 >>

Apache Agrees to Sell Australian Operations for $2.1 Billion
  Australia >>  4/8/2015 - Apache Corporation announced an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by M...
Shell Launches $69b Cash & Share Bid for BG Group
  Netherlands/Holland >>  4/8/2015 - The Boards of Shell and BG have reached agreement on the terms of a recommended cash and share offer to be made by Shell for the entire issued and to ...

Gazprom Neft & Petrovietnam Ink Deal To Increases Collaboration with Vietnam
  Russia >>  4/6/2015 - Gazprom Neft and Vietnam Oil and Gas Group (Petrovietnam) have signed a series of agreements to extend their collaboration activity. The documents wer...
Tesoro Logistics to Acquire Remaining Portion of QEP Midstream Partners
  United States >>  4/6/2015 - Tesoro Logistics LP and QEP Midstream Partners, LP jointly announced the signing of a definitive merger agreement whereby TLLP will acquire QEPM in a ...

Oceaneering Acquires C & C Technologies, Inc.
  United States >>  4/2/2015 - Oceaneering International, Inc. has closed the previously announced definitive agreement to acquire C & C Technologies, Inc., a global provider of sur...
EnLink Acquired Victoria Express Pipeline
  United States >>  4/1/2015 - EnLink Midstream Partners, LP has completed the previously announced acquisition of the Victoria Express Pipeline and related truck terminal and stora...



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