Maurel & Prom enters agreement to acquire 40% interest in Sinu-9 Gas License in Colombia

PARIS: Maurel & Prom S.A. (“M&P”) announced Monday that it has signed a letter of intent with NG Energy International Corp. (“NG Energy”), a company listed on the TSX Venture Exchange of Toronto, to acquire a 40% operated working interest in the Sinu-9 gas license in Colombia for $150 million, effective February 1, 2025. Olivier…

Maurel & Prom in advanced talks for potential acquisition of Assala Energy Holdings

PARIS, FRANCE: Etablissements Maurel & Prom S.A. (M&P) has announced that it is currently engaged in advanced discussions with the shareholder of Assala Energy Holdings Ltd regarding the potential acquisition of all the shares of Assala. The discussions are underway, and if successful, M&P would acquire Assala in what is referred to as the “Proposed…