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…
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Maurel & Prom increases proposed dividend from €0.23 to €0.30 per share
Etablissements Maurel & Prom S.A. (Paris:MAU) announced an increase in the dividend proposal made by its Board of Directors and which will be submitted to the vote of shareholders at the General Meeting to be held on 28 May 2024. During the publication of the annual results for the 2023 financial year on 1 March…
M&P to buy Assala Energy for $1.1 billion in Gabon expansion
M&P, a French oil and gas company, has signed a deal to acquire Assala Energy, a British firm that operates upstream and midstream assets in Gabon, for $1.1 billion, the company announced on Tuesday. The deal, which is subject to regulatory approvals, will boost M&P’s presence and production in Gabon, where it has been operating…
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…