Gulf Oil and Gas accountACCOUNT

IGas Energy Issues Announcement Regarding Press Speculation

Source: www.gulfoilandgas.com 10/31/2016, Location: Europe

IGas Energy confirms, further to last week's announcement of Wednesday 26 October and press reports over the weekend, that as it seeks a capital structure appropriate for the business in the current operating environment it continues to discuss a range of options with a number of key stakeholders. Those include discussions with bondholder Trans European Oil & Gas (TEOG) (whose largest shareholder is understood to be KKR) who has proposed a sale of the company's conventional assets.

The board will continue discussions with its key stakeholders concurrent with a number of strategic investors as it continues to assess options which will allow the Company's capital structure to be sustainable in the current oil price environment and enable the Group to capitalise on value accretive opportunities.

Acquisitions and Divestitures News in United Kingdom >>

Australia >>  7/9/2020 - 88 Energy Limited is pleased to advise that that as at 7.00pm (Sydney time) on 8 July 2020, 88 Energy had acquired 90.97% of the shares in XCD Energy ...
Brazil >>  7/9/2020 - Petrobras signed with OP Pescada Oleo e Gas Ltda., a wholly-owned subsidiary of Ouro Preto Oleo e Gas S.A., an agreement for the sale of its entire st...

Brazil >>  7/9/2020 - Petrobras, regarding to the news published in the media, referring to the divestment of the Landulpho Alves Refinery (RLAM), clarifies that there was ...
India >>  7/9/2020 - BP and Reliance Industries Limited (RIL) today announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited ...

Canada >>  7/8/2020 - Solo, the AIM investing company targeting attractive production and development opportunities within the European energy market, provides the followin...
United States >>  7/8/2020 - Harvest Oil & Gas Corp. announced that a wholly-owned subsidiary has entered into a definitive agreement to sell its Appalachian Basin assets, which w...

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  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.