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RockRose Energy Completes Deal to Acquire Maersk Assets

Source: www.gulfoilandgas.com 12/22/2016, Location: Europe

RockRose Energy plc (RockRose) has now signed an agreement with Maersk Oil North Sea UK Ltd (Maersk) to acquire its non-operated interests in the Wytch Farm (7.43%), Scott (5.16%)and Telford (2.36%) fields. The agreement is conditional upon the usualregulatory permissions fromthe Oiland GasAuthority (OGA) and certain third party consents.

The Company shares willremain suspended as thetransaction constitutesareversetakeover. Further announcements will be made in due course. At the current time the Company expects to seek re-admission when all material conditions to the acquisition have been satisfied.

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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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