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“The Transaction Consideration is expected to be financed through a combination of the enlarged Group’s available cash resources and debt,” Savannah indicated in a statement.
Savannah Energy has entered into a Share Purchase Agreement ('SPA') with PETRONAS to acquire PETRONAS' entire oil and gas business in South Sudan for a total cash consideration of up to US$1.25 billion. The PETRONAS Assets comprise of interests in 64 producing fields, with first production having commenced in 1999.
Investegate announcements from Savannah Energy Plc, SPA Signed with PETRONAS for South Sudan Portfolio
LONDON (Reuters) - London-listed Savannah Energy has agreed to buy producing oil fields in South Sudan from Malaysia's state energy firm Petronas for ...
The independent valuation report, prepared by the Canadian Imperial Bank of Commerce (CIBC), values the Yamana Gold assets as high as $8 billion, almost a fifth higher than an offer from Gold Fields.