Untitled Document
Untitled Document

Sona Petroleum to buy Salamander's Thai assets

Sona Petroleum Bhd.

Malaysia’s Sona Petroleum Bhd. is buying a 40% stake in two oil and gas blocks from London-listed Salamander Energy Plc in the Gulf of Thailand for $280 million, according to Reuters.

The blocks include an active oil field that has been producing since 2008, along with rights to explore surrounding fields.

The transaction, which is expected to close by the third quarter this year, is still subject to approval from shareholders and regulators.

Reuters said that CIMB Investment Bank and BNP Paribas were advisors on the transaction.

Related Articles

OPSB secures financing to develop Ophir project offshore Terengganu

07/24/2014

Octanex NL reports that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.

Regency prices upsized public offering of $700M of senior notes

07/23/2014 Regency Energy Partners LP reports the pricing of its upsized public offering of $700 million in aggregate principal amount of 5.00% senior notes due 2022 at a price to the public of 99.1...

ENXP closes acquisition, convertible notes offering, and senior secured term loan

07/23/2014 Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings...

Furie receives $160M commitment from Energy Capital Partners

07/21/2014

Furie Operating Alaska LLC, an independent oil and gas company, reports the completion of a $160 million investment commitment from Energy Capital Partners Mezzanine Opportunities Fund.

Industry Briefs

07/18/2014

More Oil & Gas Financial Articles

OPSB secures financing to develop Ophir project offshore Terengganu

Thu, Jul 24, 2014

Octanex NL reports that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.

Regency prices upsized public offering of $700M of senior notes

Wed, Jul 23, 2014

Regency Energy Partners LP reports the pricing of its upsized public offering of $700 million in aggregate principal amount of 5.00% senior notes due 2022 at a price to the public of 99.158% of their face value. 

ENXP closes acquisition, convertible notes offering, and senior secured term loan

Wed, Jul 23, 2014

Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings of its offering of $375 million in aggregate principal amount of convertible subordinated notes due 2019 in a private placement transaction, and a new $775 million senior secured term loan.

Furie receives $160M commitment from Energy Capital Partners

Mon, Jul 21, 2014

Furie Operating Alaska LLC, an independent oil and gas company, reports the completion of a $160 million investment commitment from Energy Capital Partners Mezzanine Opportunities Fund.

Industry Briefs

Fri, Jul 18, 2014

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ