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Atlantic Acquires Additional Stake in Perth Discovery

Source: www.gulfoilandgas.com 1/14/2011, Location: Europe

P/F Atlantic Petroleum announces that Atlantic Petroleum UK Limited the Company's wholly owned subsidiary has signed an agreement with Nexen Petroleum U.K. Limited to acquire an additional 4.18139% equity share in the Perth discovery.

Completion of the agreement is subject to receipt of all required waivers, consents and approvals.

Atlantic Petroleum UK Limited owns a 6.61765% interest in the Perth discovery.

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

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


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