EVOL: Big gas discoveries, takeover talk, and Nigeria deals

There is positive news from Indonesia this week after Harbour Energy announced initial success at a potential play-opening deepwater exploration well offshore Sumatra. The initial result bodes well for the frontier area and could open more petroleum plays, which are thought to be gas prone.  

 

Meanwhile, Ed walks us through the latest from San Leon Energy as it closes in on the completion of its Nigeria deal and manages to avoid the termination of its listing on London’s AIM. The team discuss the pitfalls facing developments in the African country, such as theft and sabotage, as well a potential shift in financing from London to the Middle East.  

 

Last, but not least, Allister covers the takeover talk going on between Serica Energy and smaller rival Kistos. Andrew Austin of Kistos, renowned for being a prolific dealmaker appears to be at it again. It remains to be seen who will win the takeover tussle.  

 

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