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Update on Acquisition

4 Dec 2018 16:14

RNS Number : 4332J
Sirius Petroleum PLC
04 December 2018
 

 

Sirius Petroleum Plc

("Sirius" or "the Company")

 

Update on Acquisition of 75% Shareholding in Precision Energy

 

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces that further to the announcement issued earlier today, for the avoidance of doubt, the economic rights between Tetrarch Limited and Fomak Limited as owners of Tetra Energy Services Ltd are split 50/50 and Sirius JV gets its 30% indirect beneficial economic rights exclusively through Tetrarch Limited. The economic rights of Fomak Limited are unaffected by this transaction.

 

Enquiries:

 

Sirius Petroleum +44 20 3740 7460

Bobo Kuti, CEO

Jack Pryde, Chairman

Mark Henderson, Chief Financial Officer

 

Cantor Fitzgerald Europe +44 20 7894 7000

David Porter/Nick Tulloch

 

Gable Communications +44 20 7193 7463

John Bick srsp@gablecommunications.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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8th May 20157:00 amRNS£1.5m Convertible Loan
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16th Mar 20157:00 amRNSUpdate re: Funding
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18th Dec 20147:00 amRNSExecution of Convertible Loan
25th Nov 20147:00 amRNSEquity Secured + Loan Term Sheet Agreed
7th Nov 20149:00 amRNSFunding Update
16th Oct 20147:00 amRNSFurther Funding Update and TAC Appointments
29th Sep 20147:00 amRNSHalf Yearly Report
16th Sep 20147:00 amRNSUpdate re: Placing and Subscription
15th Sep 20147:00 amRNSMarketing Agreement
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5th Aug 201410:28 amRNSCapitalisation of Loan and Fees & Issue of Equity
23rd Jul 201411:23 amRNSResult of AGM
23rd Jul 20147:00 amRNSConditional Placing and Subscription
17th Jul 20149:30 amRNSResponse to Press Speculation
30th Jun 20147:00 amRNSFinal Results
7th Apr 20147:00 amRNSGrant of Warrants
4th Mar 20147:00 amRNSCapitalisation of Fees and Loans
3rd Mar 20147:00 amRNSAppointment of Broker
17th Jan 20148:08 amRNSIssue of Equity
10th Dec 20137:00 amRNSOroro Field
4th Dec 20134:07 pmRNSTR-1 Holding(s) in Company
8th Nov 20133:46 pmRNSDirector/PDMR Shareholding
30th Sep 20137:00 amRNSHalf Yearly Report
25th Sep 20137:00 amRNSDirectorate Change
25th Sep 20137:00 amRNSIssue of Equity
3rd Sep 20137:00 amRNSIssue of Equity
7th Aug 20137:00 amRNSIssue of shares
25th Jul 201312:44 pmRNSResult of AGM
5th Jul 20138:58 amRNSReplacement Real Options Valuation Issue of Equity
5th Jul 20137:00 amRNSReal Options Valuation + Issue of Equity
28th Jun 20132:08 pmRNSFinal Results
3rd May 20137:00 amRNSGlencore Exclusivity Off-take Agreement
23rd Apr 20134:41 pmRNSIssue of Shares
4th Mar 20137:30 amRNSChange of Registered Office
26th Feb 201312:08 pmRNSResult of Meeting
1st Feb 20137:03 amRNSProposed Funding Strategy + Notice of EGM
1st Feb 20137:01 amRNSDirectorate Change
1st Feb 20137:00 amRNSChange of Nominated Adviser
26th Nov 20127:00 amRNSOperational Update
28th Sep 20127:00 amRNSHalf Yearly Report
7th Sep 20122:00 pmRNSIssue of Shares
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