Transaction|October 13, 2010
Afren acquires Black Marlin Energy
Torys acted as counsel to Afren with a team that included Mike Amm, Michael Pickersgill, Dean Kotwal and Morgan Crockett.
On October 8, 2010, Afren plc (LSE: AFR) announced that the scheme of arrangement relating to the acquisition of Black Marlin Energy Holdings Limited (the acquisition) received British Virgin Islands court approval on October 6, 2010 and that the acquisition was completed on October 7, 2010.
Pursuant to the acquisition, 76,776,096 ordinary shares in the capital of Afren have been issued, allotted and credited as fully paid to the shareholders of Black Marlin and will admitted to the Official List of the UK Listing Authority and to trading on the London Stock.
Afren plc is an African focused independent oil and gas exploration and production company listed on the main market of the London Stock Exchange and a constituent of the FTSE 250. Afren is currently producing from its assets offshore Nigeria and Cote d'Ivoire, with a significant appraisal and development project due onstream in 2010 from Nigeria. Afren has operated exploration interests in Ghana, Cote d'Ivoire and Nigeria, with minority exploration interests in Congo Brazzaville and the Joint Development Zone of Nigeria - Sao Tome & Principe.
Black Marlin Energy is an independent exploration and appraisal company. The company holds 12 exploration blocks in Kenya, Ethiopia, Madagascar and the Seychelles. Its strategy is to focus on exploration opportunities where the potential for large discoveries exists in under-explored basins.
Further information is found on Afren's website.
Pursuant to the acquisition, 76,776,096 ordinary shares in the capital of Afren have been issued, allotted and credited as fully paid to the shareholders of Black Marlin and will admitted to the Official List of the UK Listing Authority and to trading on the London Stock.
Afren plc is an African focused independent oil and gas exploration and production company listed on the main market of the London Stock Exchange and a constituent of the FTSE 250. Afren is currently producing from its assets offshore Nigeria and Cote d'Ivoire, with a significant appraisal and development project due onstream in 2010 from Nigeria. Afren has operated exploration interests in Ghana, Cote d'Ivoire and Nigeria, with minority exploration interests in Congo Brazzaville and the Joint Development Zone of Nigeria - Sao Tome & Principe.
Black Marlin Energy is an independent exploration and appraisal company. The company holds 12 exploration blocks in Kenya, Ethiopia, Madagascar and the Seychelles. Its strategy is to focus on exploration opportunities where the potential for large discoveries exists in under-explored basins.
Further information is found on Afren's website.