Acquisitions and Divestitures News in Nigeria

PetroNor Provides Update on Aje Transactions
5/23/2022 - With reference to the stock exchange announcement made 27 January 2022, and the update provided 2 May 2022, regarding the government consent provided to PetroNor E&P ASA’s acquisition of Panoro’s owne...
PetroNor E&P Provides Update on Aje Transactions
5/2/2022 - With reference to the stock exchange announcement made 27 January 2022 regarding the government consent provided to PetroNor E&P’s acquisition of Panoro Energy’s ownership interest in Oil Mining Lease...
NNPC Exercises Pre Emption under MPUN JOA
3/7/2022 - Seplat Energy has become aware of newspaper and social media reports that the Nigerian National Petroleum Company Limited ("NNPC") has exercised a right of pre-emption under the NNPC/Mobil Producing N...
ADM Energy Announces Barracuda Oil Field and Interim Injunction
3/2/2022 - ADM Energy PLC, a natural resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil field.

As previously announced on 13 Dec...
Update on Option for OML 141 RSC and Appointment of Broker
3/2/2022 - Zenith Energy Ltd., the listed international energy production and development company, announces that it has elected to not renew the Option Agreement (the "Option") with Noble Hill-Network Limited (...
San Leon Provides Update on Potential Transaction & Extension of Conditional Payment Waiver
2/28/2022 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, provides the following update on the proposed reorganisation to consolidate Midwestern Oil and...
San Leon Announces Successful Conclusion of the TAQA Litigation
1/31/2022 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to report that two of its wholly owned subsidiaries, San Leon (Netherlands) Limited...
Panoro Announces Receipt of Government Approvals of the Sale of all its Interest in OML 113
1/27/2022 - Panoro Energy ASA is pleased to announce that all government approvals have now been received for the sale of the shares of its fully-owned subsidiaries (the “Shares”) that hold 100% of the shares in ...
ADM Provides Barracuda Oil Field Updates and Interim Injunction
1/17/2022 - ADM Energy PLC, a natural resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil field.

As previously announced on 13 Dec...
Extension of Option Agreement for OML 141 RSC in Nigeria
1/13/2022 - Zenith Energy Ltd., the listed international energy production and development company, is pleased to announce that it has agreed an extension (the “Extension”) to the Option Agreement (the “Option”) ...
ADM Energy Provides OML 113 Update
12/31/2021 - ADM Energy PLC, a natural resources investing company, notes that Panoro Energy ASA ("Panoro"), an independent exploration and production company, and PetroNor E&P Limited ("PetroNor"), an independent...
San Leon Provides Update on potential transaction
12/24/2021 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, provides the following update on the proposed reorganization to consolidate Midwestern Oil and...
ADM Secures Interim Injunction
12/13/2021 - ADM Energy PLC, a natural resources investing company, provides an update on recent developments concerning its indirect interest in a risk sharing agreement in the Barracuda oil field in OML 141 in N...
ADM Energy Provides OML 113 Update
12/1/2021 - ADM Energy PLC, a natural resources investing company, notes that Panoro Energy ASA ("Panoro") an independent exploration and production company, and PetroNor E&P Limited ("PetroNor"), an independent ...
Panoro Energy Announces Extension of Long Stop Date for Sale of Aje
11/30/2021 - Panoro Energy ASA and PetroNor E&P Limited have agreed to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Pet...
San Leon Energy Provides Update on Potential Transaction
11/29/2021 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to provide the following update on the proposed reorganisation to consolidate Midwe...
Seplat Energy Acquires ExxonMobil's Nigerian Shallow Water Business
11/29/2021 - Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, notes the recent press speculation and confirms that Seplat Energy, together with a ...
ADM Energy Provides Barracuda Oil Field Updates
11/29/2021 - ADM Energy PLC, a natural resources investing company, notes the announcement made by Zenith Energy Limited in respect of its option agreement for OML 141 risk service contract.

As announ...
Decklar Closes Share Purchase Agreement to Participate in the Asaramatoru Field
11/5/2021 - - Decklar has closed the Share Purchase Agreement signed to purchase all outstanding shares of Purion Energy Limited with the initial issuance of 3,750,000 common shares as consideration.
- Puri...
Extension of Long Stop Date for Sale of Aje
11/1/2021 - Panoro Energy ASA and PetroNor E&P Limitedhave reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shar...

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