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Nigeria: PetroNor provides update on Aje transactions

02 May 2022

Photo - see caption

With reference to the stock exchange announcement made 27 January 2022 regarding the government consent provided to PetroNor E&P’s acquisition of Panoro Energy’s ownership interest in Oil Mining Lease no. 113 ('OML 113') offshore Nigeria, containing the Aje oil and gas field, and for the transfer of OML 113 to Aje Production.

The final steps to complete the transactions are progressing well, but the parties need additional time to finalise the documentation. As a consequence, PetroNor and Panoro have agreed to extend the long-stop date to complete the transaction to 30 June 2022.

Photo - see caption
OML 113 (Source: Panoro Energy)

All other terms and conditions of the transaction remain unchanged.

Original article link

Source: PetroNor E&P

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