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Med Oil & Gas Share News (MOG)
Share News for Med Oil & Gas (MOG)
| Share Price: 8.00 | Bid: 8.00 | Ask: 8.25 | Change: 0.00 (0.00%) |  | ||||||
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Mediterranean Oil & Gas buys JKX's Italian unit
Fri, 22nd Feb 2008 12:40
LONDON (Thomson Financial) - Mediterranean Oil & Gas PLC said it bought the Italian upstream b
JKX Italia Ltd owns interests in a production concession application, three exploration permits and one exploration permit application onshore Italy.
The D'Aglavizza concession alone is estimated to have proved and probable reserves of 1.3 bln cubic feet (Bcf) of gas, with production start-up expected in 2009, Mediterranean Oil said.
'The mature prospects in the two exploration permits have best estimate resources of 10 Bcf,' it said.
The group said it expects 'significant synergies' from the deal which will be funded by its existing cash reserves. JKX Italia, to be renamed Medoilgas Civita Ltd, has net receivables of over 600,000 usd.
monicca.egoy@thomson.com
mbe
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
LONDON (Thomson Financial) - Mediterranean Oil & Gas PLC said it bought the Italian upstream b
usiness of JKX Oil & Gas PLC for 2 mln eur.
JKX Italia Ltd owns interests in a production concession application, three exploration permits and one exploration permit application onshore Italy.
The D'Aglavizza concession alone is estimated to have proved and probable reserves of 1.3 bln cubic feet (Bcf) of gas, with production start-up expected in 2009, Mediterranean Oil said.
'The mature prospects in the two exploration permits have best estimate resources of 10 Bcf,' it said.
The group said it expects 'significant synergies' from the deal which will be funded by its existing cash reserves. JKX Italia, to be renamed Medoilgas Civita Ltd, has net receivables of over 600,000 usd.
monicca.egoy@thomson.com
mbe
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
STOCKS NEWS EUROPE-UK small caps down 0.1 pct, outperform blue-chips
The FTSE Small Caps index is down 0.1 percent in early morning trade, outperforming a 0.7 percent fall on the blue-chip FTSE 100 and a 0.4 percent dec[21 Mar '13]
BRIEF-Mediterranean Oil and Gas says it refutes Leni Gas & Oil claims
LONDON, Jan 3 (Reuters) - Mediterranean Oil & Gas PLC: * Mediterranean Oil & Gas refutes all Leni Gas & Oil claims * Mog continues to[3 Jan '13]
REFILE-Red tape may strangle Italy's energy drive
By Stephen Jewkes MILAN, Sept 11 (Reuters) - Italy's plans to double domestic production of oil and gas to slash its energy bill and boost[11 Sep '12]
Red tape may strangle Italy's energy drive
By Stephen Jewkes MILAN, Sept 11 (Reuters) - Italy's plans to double domestic production of oil and gas to slash its energy bill and boost[11 Sep '12]
BRIEF-Leni says instructs lawyers to compel MOG disclosure
LONDON, Sept 4 (Reuters) - Leni Gas & Oil PLC: * Mediterranean oil and gas plc had not provided the information requested * Has now in[4 Sep '12]
BRIEF-Leni says instructs lawyers to compel MOG disclosure
LONDON, Sept 4 (Reuters) - Leni Gas & Oil PLC: * Mediterranean oil and gas plc had not provided the information requested * Has now in[4 Sep '12]
UPDATE 1-Leni weighs legal action against former partner over Genel deal
(Adds Mediterranean Oil & Gas response to Leni announcement) * Says wants more information on former partner MOG's deal with Genel[3 Sep '12]
BRIEF-Mediterranean Oil and Gas refutes Leni claims
LONDON, Sept 3 (Reuters) - Mediterranean Oil & Gas PLC: * Response to Leni Gas & Oil announcement * Board refutes the suggestion that[3 Sep '12]
