Petroleum Africa
Find us on: 
Thursday, January 3, 2019
Ophir Energy and Medco Energi Global are in discussions regarding a possible cash offer to be made by Medco. The cash offer would be for Ophir’s entire issued and to be issued share capital.
Medco is a leading Southeast Asian energy and natural resources company listed on the Jakarta Stock Exchange with a market capitalization of approximately $900 million, operating across three key business segments being oil, gas, power, and mining.
Shares in Ophir Energy rose by as much as 35% upon the news of the takeover talks. The merger would add Ophir’s 25,000 boepd to Medco’s approximately 85,000 boepd, with most of this coming from south-east Asia.
" alt="Uganda National Oil Company Appoints New Executive">
" alt="World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC">
" alt="Galp Completes Mopane-1X Well Testing">
" alt="ReconAfrica Updates Activity on Upcoming Namibia Drilling Program">
" alt="SDX Disposes of West Gharib Asset in Egypt">
" alt="Botala Increases Stake in Botswana’s Serowe CBM Project">
" alt="Petrofac Awarded Technical Services Contract by GEPetrol">
