Energean Plc enters Morocco gas market with Chariot deal

LONDON, UK: Energean plc, a Mediterranean gas producer, has announced a farm-in agreement with Chariot Limited, a UK-based oil and gas company, to acquire a stake in two offshore licences in Morocco. The deal includes the Anchois gas development, which has 18 billion cubic meters (Bcm) of gross reserves, and several exploration prospects. Energean will…

Energean plc makes commercial gas discovery offshore Israel

LONDON, UK: Energean plc (LSE: ENOG) announced that a commercial gas discovery has been made by the Athena exploration well, offshore Israel. Highlights ·      Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands. Preliminary analysis indicates that the Athena discovery contains recoverable gas volumes of 8 bcm (283…

Energean Plc intends to offer $2.5 billion senior secured notes

LONDON: Energean Plc’s subsidiary Energean Israel Finance Ltd. intends to offer US$2.5 billion aggregate principal amount of four tranches of senior secured notes, which are expected to mature in 2024, 2026, 2028 and 2031. The net proceeds from the proposed offering of the Notes are expected to be used: · to repay outstanding indebtedness under…

Energean plc to acquire Kerogen’s 30% shareholding in Energean Israel Limited

LONDON: Energean plc has entered into a conditional Sale and Purchase Agreement (SPA) with Kerogen Investments No.38 Limited, an affiliate of Kerogen Capital, for the proposed acquisition of Kerogen’s 30% shareholding in Energean Israel Limited (EISL), which would result in Energean owning 100% of EISL’s share capital. Highlights – Acquisition ·    Acquisition to acquire Kerogen’s…