Further to its announcement in January 2025 to acquire a 40% stake in the Sinu-9 gas licence in Colombia from TSX-listed NG Energy, Maurel et Prom (“M&P”) has amended its agreement to increase its stake to 61% and secured operatorship for this asset. M&P has negotiated similar deal terms for the additional stake as that of the initial stake, bringing the total consideration for its 61% stake to US$229mm (US$150mm for the initial 40% and ~US$79mm for the incremental 21%), with flexible payment te ....
