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  • Premier Oil plc - Chrysaor merger update: UK regulatory condition satisfied, Mexican approval received
    édité le 23/02/2021 - Plus de news de "Chrysaor" - Voir la fiche entreprise de "Chrysaor"


Premier Oil plc - Chrysaor merger update: UK regulatory condition satisfied, Mexican approval received
Premier is pleased to announce that all of the regulatory conditions relating to the Company’s merger with Chrysaor have now been satisfied and all of the requisite anti‐trust approvals have been received.

Following receipt of notice from the Oil and Gas Authority (OGA), the regulatory condition to the Transaction regarding Premier’s and Chrysaor’s licence interests in the UK has been satisfied.

In addition, Premier has received anti‐trust approval in relation to the merger from the Mexican Economic Competition Commission.

Following the positive creditor vote on 22 February, the Transaction remains subject to sanction by the Scottish Court of the restructuring plans expected to take place on 19 March.

Assuming the Scottish Court sanctions the restructuring plans, Premier expects the Transaction to complete on 31 March with Premier’s shares to be readmitted to trading on 1 April as Harbour Energy plc.

Terms defined in the announcement of 6 October shall have the same meaning in this announcement.

About Chrysaor

Chrysaor is a privately held company established in 2007 and focused on developing and commercialising oil and gas incremental resources. The management team has a proven track record of success and seeks to acquire producing fields with associated undeveloped hydrocarbon resources. Chrysaor is now a self-sustaining full cycle E&P company, with a portfolio of assets balancing near term development with production growth, combined with significant gearing to appraisal and exploration success.
Chrysaor is also working with the wider industry to ensure it is consistent with the necessary transition to a low carbon economy. As part of this, Chrysaor is investing in the Acorn CCS project alongside partners in industry and government.

About Premier Oil

Premier Oil plc, founded in 1934 and headquartered in London, is a leading independent exploration and production company with significant oil and gas interests and operations in the North Sea, South East Asia, Pakistan and the Falkland Islands. The company produces around 60,000 boepd and it has an existing portfolio of producing, development and exploration opportunities.


Origine : Communiqué Chrysaor

Voir la fiche entreprise de "Chrysaor"



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