Ophir in takeover talks with Salamander
Ophir Energy and Salamander Energy have agreed on terms for a share offer.
LONDON– Ophir Energy and Salamander Energy have agreed on terms for a share offer.
They claim the combined business would be better positioned to accelerate exploration in Salamander’s licenses in the Gulf of Thailand and in Ophir’s recently acquired acreage offMyanmar and Indonesia.
Shareholders from both companies would have to ratify the deal, which is also dependent on Salamander’s agreement to sell a 40% stake toSona Petroleum in the B8/38 concession and surrounding G4/50 concession not going through.
Another consortium of CEPSA and Strategic Energy (Global) has withdrawn its offer to acquire Salamander.