Panoro Provides Update on Divestment Process for Aje Field

Source: www.gulfoilandgas.com 11/7/2013, Location: Africa

Panoro Energy announces that Lekoil has failed to pay the balance of USD 26 million plus an additional amount of approximately USD 1 million of working capital adjustment by November 6, 2013. Panoro Energy's wholly-owned subsidiary Pan Petroleum Aje Limited (“PPAL”) is now entitled to terminate the SPA, retain the USD 4 million already paid into Panoro's bank account, and in addition call the USD 3 million the bid bond. Lekoil has requested an additional extension to pay the outstanding balance of approximately USD 27 million for the transaction by November 25, 2013.

For more information about related Opportunities and Key Players visit West Africa Projects


Gabon >>  5/12/2022 - - Debt refinanced on favourable terms
o Five-year bank loan for $255 million, including $67 million as a revolving credit facility
o Six-y...

Norway >>  5/12/2022 - TGS today reported interim financial results for Q1 2022.

Total revenue amounted to USD 132 ...


Trinidad and Tobago >>  5/12/2022 - Touchstone Exploration Inc. ("Touchstone") (TSX) reports its operating and financial results for the three months ended March 31, 2022. Selected info...
Canada >>  5/11/2022 -  The board of directors of Dominion Energy has declared a quarterly dividend of 66.75 cents per share of common stock.

Dividends are payab...


Colombia >>  5/11/2022 - GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator, announces that its Board of Directors has decla...
Colombia >>  5/11/2022 - GeoPark Limited (“GeoPark”) (GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator reports its consolidated fina...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.