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Mergers and Acquisitions News in Nigeria

Mart Resources Denies Sale of Midwestern
10/9/2015 - Mart Resources, Inc announces that, in response to recent reports contained in the Nigerian press, it has not entered into a definitive agreement or transaction regarding a sale of the company to Midw...
Maurel & Prom Eyes Merger after MPI Deal to Cope with Low Oil Prices
8/28/2015 - French energy exploration and production company Maurel & Prom said it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to cope with the impact of a plunge in the ...
Pursuing Marginal Field Opportunities in Nigeria through Acquisition of Shares in Burj Africa
4/29/2015 - Solo has exchanged its shareholding in Pan Minerals Oil and Gas AG for a direct holding of 15.9% in Burj Petroleum Africa Limited, a private UK registered company created with the purpose of participa...
Mart Enters Non Binding LOI for Sale of The Company
3/2/2015 - Mart Resources, Inc has entered into a letter of intent with Midwestern Oil and Gas Company Limited, the operator of and one of Mart’s co-venturers in the Umusadege field. The Letter of Intent sets ou...
Afren Terminates Discussions with SEPLAT Petroleum
2/13/2015 - On 22 December 2014, Afren plc had received a highly preliminary approach from SEPLAT Petroleum Development Company plc ("Seplat") regarding a possible combination with Afren. ...
ConocoPhillips Completes Sale of Nigeria Business
7/30/2014 - ConocoPhillips has completed the transaction with Oando Energy Resources (OER), a subsidiary of Oando PLC, for the sale of its Nigeria upstream business for a total sales price, after customary adjust...
OER Targets End July for Final Close of the ConocoPhillips Acquisition
6/30/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that the Company and ConocoPhillips have entered into an agreement to extend the outside d...
Seplat Confident Will Win Chevron Nigeria Asset
5/22/2014 - Seplat is confident it will win a dispute over the purchase of a Chevron asset, the Nigerian oil and gas firm's chief executive said. ...
OER Extends Completion Date for ConocoPhillips Acquisition
4/30/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that the outside date for completion of the proposed acquisition of the Nigerian Upstream ...
OER Executes Extension or Acquisition of Nigerian Assets from ConocoPhillips
4/9/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, today announced that, further to its press release dated January 31, 2014, it has extended the avail...
Oando Secures Funding for Acquisition of ConocoPhillips's Business
1/31/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that, further to its press releases dated December 20, 2012, September 16, 2013 and Novemb...
OER Provides Update on the Acquisition of ConocoPhillips Nigerian Business
11/29/2013 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that it has entered into an amendment agreement with ConocoPhillips in relation to the pro...
Afren Acquires Additional Interest in First Hydrocarbon Nigeria
7/5/2013 - Afren plc announces that following the recent shareholder approval on the recommended acquisition of a 10.4 per cent. interest in First Hydrocarbon Nigeria ("FHN"), it is pleased to confirm the acquis...
Shoreline Power Acquires 30% Interest in Shoreline Natural
12/31/2012 - Heritage Oil Plc, an independent upstream exploration and production company, announces that, in line with expectations, Shoreline Power Company Limited (“Shoreline Power”) has exercised its option to...
Gasol Agrees Option to Acquire AfGen
8/28/2012 - Gasol, the West African energy development company, announces that it has entered into an option agreement (‘the Option Agreement’) to purchase the entire issued share capital of African Power Generat...
Exile and Oando Announce Proposed Acquisition & Financing
8/3/2011 - Oando PLC (Oando), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, announced its proposed acquisition and financing transaction with Exile Resour...
SEPLAT to Complete Acquisition in OMLs 4, 38 & 41
8/3/2010 - SEPLAT Petroleum Development Company has completed its acquisition of a 45% stake in OMLs 4, 38 and 41, onshore Nigeria, from Shell Petroleum Development Company of Nigeria (SPDC), Total E&P Nigeria a...

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