Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/ithaca-energy-completes-acquisition-of-interests-i.shtmlIthaca Energy completes acquisition of interests in three UK producing oil fieldsIthaca Energy Inc. has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation (Sumitomo).
[an error occurred while processing this directive]
Edit page New page Hide edit links Ithaca Energy Inc. has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation (Sumitomo). Ithaca has acquired Summit Petroleum Limited (SPL), a subsidiary company of Sumitomo, which holds the Cook (20.00%), Pierce (7.48%) and Wytch Farm (7.43%) field interests that have been acquired. The net consideration paid at completion was $163 million, taking into account working capital and net cashflows since the transaction effective date of 1 January 2014. |