Industry: Energy Region: Europe Price: US $1million Method of transaction: Equity investment
Project details:
The target companies operate across the Baltic Sea and into the oil and gas rich basins of West Africa, where they hold 7,424 square kilometers of licensed area. Production comes from Ivory Coast, which averaged about 8,037 barrels per day in 2019. They also own a majority stake in an exploration concession in Bi-Sau, Guinea, which has yet to be launched. The share of net production in 2019 is approximately 9 KBPD (thousand barrels per day), with annual revenues of just under $200 million and annual net revenues of more than $40 million.
EBITDAX (earnings before interest, tax, depreciation and amortisation) for 2019 was $120m.
The new owner may choose to further invest in new phases of existing production assets and/or exploration rights currently owned by the target company. Both require additional investment for further asset development.
We are looking for investment for this project, please contact us if you have investment intention.