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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
Posted in:
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.”