Market Reaction: Slightly Positive on gaining visibility on the transaction and on the size of the resources. The pre back-in figure of 198 bcf marks a more than doubling of the Company's midterm Vietnamese development assets' 2C Resources; the legacy fields Nam Du and U Minh hold WI 70% 2C Resources of 142 bcf in total. The previously announced acquisition price of the new fields is US$14.3 mm plus possible contingent payments of US$9.8 mm and US$5.9 mm, implying an acquisition cost of US$0.
24 Aug 2016
BLOCKS 05-1B AND 05-1C ASSIGNED CONTINGENT RESOURCES IN VIETNAM
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BLOCKS 05-1B AND 05-1C ASSIGNED CONTINGENT RESOURCES IN VIETNAM
Montanaro European Smaller Companies Trust PLC (MTE:LON) | 143 0 0.0% | Mkt Cap: 270.9m
- Published:
24 Aug 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Slightly Positive on gaining visibility on the transaction and on the size of the resources. The pre back-in figure of 198 bcf marks a more than doubling of the Company's midterm Vietnamese development assets' 2C Resources; the legacy fields Nam Du and U Minh hold WI 70% 2C Resources of 142 bcf in total. The previously announced acquisition price of the new fields is US$14.3 mm plus possible contingent payments of US$9.8 mm and US$5.9 mm, implying an acquisition cost of US$0.