EnQuest Completes Acquisition of Interest in Golden Eagle Area Development

Source: www.gulfoilandgas.com 10/22/2021, Location: Europe

EnQuest PLC ("EnQuest") is pleased to announce that it has completed the acquisition ("Completion") of a 26.69% non-operated equity interest in the Golden Eagle Area Development (the "Acquisition").

As the Acquisition constitutes a reverse takeover under the Listing Rules, the admission of the Company's ordinary shares (the "Ordinary Shares") to the premium listing segment of the Official List maintained by the Financial Conduct Authority (the "FCA") and to trading on London Stock Exchange plc's (the "LSE") main market for listed securities (the "Main Market") are required to be cancelled and then readmitted.

Applications have been made to the FCA and LSE for the Ordinary Shares to be re-admitted to the premium listing segment of the Official List and to trading on the Main Market respectively ("Re-admission"). Re-admission is expected to become effective on 25 October 2021 at 8.00 a.m.

Amjad Bseisu, CEO of EnQuest, commented:

"We are delighted to have completed the acquisition of a material interest in the high-quality, low-cost Golden Eagle development. As a highly cash generative asset, delivering material incremental production, reserves and resources, Golden Eagle is a great addition to our portfolio, further strengthening the Company.

"We look forward to a productive partnership with the operator, CNOOC and our joint venture partners, NEO Energy and ONE DYAS."

Total voting rights

Upon readmission to the LSE, the total issued share capital of the Company will be 1,885,924,339 Ordinary Shares and the total number of voting rights of the Company will be 1,885,924,339. This figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.


Canada >>  12/3/2021 - - The transaction is part of the non-strategic asset rotation envisaged in Iberdrola's 2020-2025 Strategic Plan.
- The sale is unconditional and...

United Kingdom >>  12/2/2021 - - Gasrec builds, owns and operates biomethane refueling stations for heavy goods vehicles
- bp acquires 28.57% stake in Gasrec and will supply r...


France >>  12/1/2021 - BW Ideol has signed an agreement to acquire a 5% ownership in the 30MW EOLMED floating wind pilot project in the French Mediterranean. This investment...
Nigeria >>  12/1/2021 - ADM Energy PLC, a natural resources investing company, notes that Panoro Energy ASA ("Panoro") an independent exploration and production company, and ...

United States >>  12/1/2021 - Eni joins forces with CFS to accelerate the commercialisation of magnetic confinement fusion energy through the construction of SPARC, a net fusion en...
United States >>  12/1/2021 - ConocoPhillips (COP) announced that it has completed its acquisition of Shell Enterprises LLC’s prolific Delaware basin position for $9.5 billion in c...




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