4 Dec 2018 16:14
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