News listings

energy-pedia general news

France flagFrance

Europe / Caspian / CIS >>> France

European gas confirms offer for Heritage Petroleum

18 Dec 2006

The boards of European Gas and Heritage have today announced that agreement has been reached on the terms of a recommended share and cash offer, to be made by Ambrian, for the entire issued and to be issued ordinary share capital of Heritage. The Heritage Directors and certain other Heritage Shareholders in aggregate holding a total of 36,725,223 Heritage Shares, representing 68.5% of the issued ordinary share capital of Heritage, have irrevocably undertaken to accept the Offer. The Offer values the fully diluted ordinary share capital of Heritage at approximately £10.9 million and represents a premium of 15.8% to the Heritage share price, each as at 11 October 2006 (being the date that the respective Boards of Heritage and European Gas announced that they were in preliminary discussions regarding a possible merger of the two companies), and a premium of 54% over the weighted average price for a Heritage Share in the previous six months.

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Publicly Available Deals

See all deals...

Subscriber Only Deals

Current deals: 1640
Completed deals: 4852

Company Profiles

Current Company Profiles: 2552

Corporate Activity

Current Corporate Activity articles: 3036

Companies Looking

Current number of articles: 419

Company Sales

Current Company Sales articles:1221


Current Geostudies articles: 553

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Rose & Assocs 149
RSK Logo 149
Government of South Australia
Union Jack Oil 149
count geophysics
KL Publishing
SLR Consulting logo
EP Consult Energies
Lynx Information Systems
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675