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Romania: Romgaz confirms offer to acquire ExxonMobil's interest in the XIX Neptun Deep Block


Romania: Romgaz confirms offer to acquire ExxonMobil s interest in the XIX Neptun Deep Block
01 Apr 2021
Romgaz has made a binding offer to acquire 100% shares of ExxonMobil Exploration and Production Romania, the Company that holds 50% of the rights and obligations under the Concession Agreement for petroleum exploration, development and production in the
XIX Neptun DeepBlock, offshore Romania.
OMV Petrom holds the other 50% participating interest.
The binding offer to acquire all shares (representing 100% of the share capital) issued by ExxonMobil Exploration and Production Romania, as endorsed by S.N.G.N. Romgaz S.A. Board of Directors, was submitted to ExxonMobil Upstream Business Development on March 30, 2021. ....

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Romgaz Makes Exxon E&P Romania Offer


S.N.G.N. Romgaz S.A. has revealed that its board of directors has endorsed a binding offer to acquire all shares issued by ExxonMobil Exploration and Production Romania Limited.
S.N.G.N. Romgaz S.A. has revealed that its board of directors has endorsed a binding offer to acquire all shares issued by ExxonMobil Exploration and Production Romania Limited, representing 100 percent of the share capital.
In a statement posted on its website, Romgaz outlined that the offer was made on March 30, following a letter sent by ExxonMobil Upstream Business Development on February 15, which notified that the deadline for buyers to submit a binding offer was March 31. The offer and the conclusion of the transaction to acquire all shares are conditional upon approval of the extraordinary general meeting of the shareholders of S.N.G.N. Romgaz SA, in line with the laws and Romgaz articles of incorporation, Romgaz noted. ....

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Romgaz submits binding offer to buy ExxonMobil's stake in Black Sea deep-water gas project