oil & gas assets
You have accessed this news story:

ID - Soco closes purchase of El Fayum concession - April 2019

Feed Icon
London-listed Soco International closed its previously announced $237 million acquisition of Merlon Petroleum El Fayum from Merlon International. The deal added the El Fayum concession to Soco’s Vietnam-focused portfolio. El Fayum has 11 producing fields across 451,200 acres in Egypt’s Gindi Basin and net 2P reserves of 24 MMbbl. The transaction was for $136 million in cash and the issue of 65.6 million new shares, making Merlon International a 16.5% owner of Soco. In addition, Soco assumed $22 million in net debt......
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed

Sign up for PLS Reports
& Web Access!

Already subscribed to Reports?
Sign up for Web Access!
Search For More News