News listings

energy-pedia general news

PetroNor E&P planning to redomicile to Europe


10 Feb 2020

Photo - see caption

PetroNor E&P, the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, has announced that the Company is planning to redomicile to Europe in order to streamline its corporate structure and reduce corporate overheads.

Upon completion of the proposed redomiciliation, the Company will no longer require Australian based Directors. Timothy Turner, an existing Australian based Director, has informed the Board of his intention to resign from his role as Non-Executive Director of the Company with immediate effect. The Board will announce the appointment of interim directors in Australia in due course to ensure compliance with the existing requirements until completion of the redomiciliation, expected to occur in H2’2020.

Commenting on the update, Eyas Alhomouz, Chairman of PetroNor, said:

'The Board is presently taking steps to complete the redomiciliation as part of a wider consideration about the Company’s optimum corporate structure to achieve our long-term growth objectives. The Board has ambitious growth plans and believe these corporate changes will help accelerate momentum towards our strategic goals. We thank Tim for his contribution to PetroNor since the completion of the merger and wish him all the best with his future endeavours.'

Original article link

Source: PetroNor





Bookmark and Share


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


Subscriber Only Deals

Current Deals

Current Upstream Deals: 278

Completed Deals

Completed Upstream Deals: 6425

Company Profiles

Current Company Profiles: 2872

Corporate Activity

Current Corporate Activity articles: 4008

Companies Looking

Current number of articles: 461

Company Sales

Current Company Sales articles:1610

Geostudies

Current Geostudies articles: 907

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

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

energy365
Telos NRG
Syntillica
Rose & Assocs 180
Bayphase
Merlin
Government of South Australia
OPC
Borchwix
Union Jack Oil 149
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
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com