Mitra is acquiring 100% WI in Stag Oil Field in the Carnavon Basin in Australia from Santos (STO AU) and Quadrant for US$10 mm. Mitra may also be responsible for certain contingent payments after 2017 of up to US$15 mm which are linked to future expansion of the oilfield and oil price appreciation above US$80/bbl in 2017 and 2018
27 Jul 2016
GAME CHANGING ACQUISITION IN AUSTRALIA AND INTENDED PRIVATE PLACEMENT
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
GAME CHANGING ACQUISITION IN AUSTRALIA AND INTENDED PRIVATE PLACEMENT
Montanaro European Smaller Companies Trust PLC (MTE:LON) | 142 0 0.0% | Mkt Cap: 269.9m
- Published:
27 Jul 2016 -
Author:
Stephane Foucaud -
Pages:
2
Mitra is acquiring 100% WI in Stag Oil Field in the Carnavon Basin in Australia from Santos (STO AU) and Quadrant for US$10 mm. Mitra may also be responsible for certain contingent payments after 2017 of up to US$15 mm which are linked to future expansion of the oilfield and oil price appreciation above US$80/bbl in 2017 and 2018