Deferred Consideration Units News Today

Hurricane Energy, the UK based oil and gas company, has provided an operational update. The Company has also provided an update on the recommended acquisition by Prax Exploration & Production of the entire issued, and to be issued, share capital of Hurricane.

Prax and Hurricane announced on 16 March 2023 that they had reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Hurricane. Prax has provided an update in respect of the Acquisition.

Prax Exploration & Production does not plan to increase the financial terms of the proposed acquisition of UK North Sea firm…

Investegate announcements from Hurricane Energy PLC, Recommended Acquisition - No Increase Statement

Investegate announcements from Hurricane Energy PLC, Publication of Scheme Doc. & Notices of Meetings

UK-based Prax Group has reached a deal to acquire Hurricane Energy, the operator of the producing Lancaster oil field, west of Shetland…

Prax Exploration and Production has agreed to acquire British oil producer Hurricane Energy in a deal valued at £249m ($300.6m).

Investegate announcements from Hurricane Energy PLC, Recommended Acquisition of Hurricane Energy plc

Prax E&P and Hurricane Energy have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued ordinary share capital of Hurricane by Prax. The acquisition values the entire issued ordinary share capital of Hurricane at approx. £249.0 million.