Further to the announcement on 29 March 2019, the Group is pleased to announce the completion of the acquisition of Merlon Petroleum El Fayum Company ("Merlon") from Merlon International LLC (the “...
We have high quality oil production operations and development assets and exploration blocks in Egypt, building our scale and creating significant opportunities. We continue to work with local teams to generate value and evolve the assets into a viable production and development business.
The El Fayum concession is located in the low-cost and highly prolific Western Desert, about 80km south west of Cairo and close to local energy infrastructure.
The Company is pleased to announce the satisfaction of the regulatory conditions to its proposed acquisition (the "Proposed Transaction") of Merlon Petroleum El Fayum Company ("Merlon"), following...
The Board of Directors is pleased to announce that the resolutions proposed at the General Meeting held earlier today at 10.00 a.m., Friday 21 December 2018, seeking, amongst other things, approval...
Established and valuable assets, with production at two fields and further potential for growth from two additional exploration blocks.