RE: Perenco sometimes buys 100% of African energy interests5 Jul 2022 12:19
I hear you Hamz,
There's also official sign off from the Cameroon Government.. nailed on to happen imho as this would not have gotten this far without that government blessing.. but getting government official signatures on a piece of paper may actually happen in good olde Afica time... So Lukoil/Bowleven pre -emeption period expiry the slightly quicker bit, I'd guess :-)
From the last RNS:
''The Transaction is subject to a number of approvals, including the customary regulatory approvals by the Cameroon government and the approval of the Etinde JV partners. Under the terms of the joint operating agreement, both LUKOIL and Bowleven have a 30 day right of pre-emption over New Age's interest.
Notwithstanding the Transaction, Bowleven will continue to be entitled to a final investment decision ('FID') payment of USD25m from its Etinde JV partners which, following completion of the Transaction, would include Perenco.''