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Jadestone to close Maari deal in H2
Jun 10, 2021 2:40:am
Summary The company said it working with the seller, OMV, to satisfy the remaining outstanding conditions to complete the acquisition of Maari project offshore New Zealand.
by: Shardul Sharma
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Jadestone to close Maari deal in H2
Asia Pacific-focused Jadestone Energy expects to close the deal to acquire a 69% interest in the Maari project offshore New Zealand in the second half of 2021, it said on June 9.
“The company has continued working with the seller, OMV New Zealand Limited, to satisfy the remaining outstanding conditions to complete the acquisition, in particular the approval of New Zealand Petroleum & Minerals,” it said. “While this work is continuing, the company expects that completion will occur in the second half of 2021.”
Jadestone Energy has provided an update on the planned completion of the acquisition of the 69% operated interest in the Maari asset, shallow water offshore New Zealand.
9 June 2021 | 08:18am
StockMarketWire.com - Oil and gas company Jadestone Energy said it expected to complete the acquisition of a 69% operated interest in the Maari asset, New Zealand, in the second half of 2021, as it worked toward meeting the conditions for the sale. The company has continued working with the seller, OMV New Zealand Limited to satisfy the remaining outstanding conditions to complete the acquisition, in particular the approval of New Zealand Petroleum & Minerals, the company said. In parallel with the NZP&M discussions, the Company is in discussions with OMV New Zealand and expects to extend the long stop date under the Maari sale and purchase agreement, which is currently set at 30 June 2021, it added.