ENXTPA:MAUOil and Gas
Etablissements Maurel & Prom (ENXTPA:MAU) Is Up 5.7% After Winning Operatorship Of Colombia’s Sinu-9 Gas Licence
Etablissements Maurel & Prom S.A. announced that Colombia’s National Hydrocarbons Agency has approved its acquisition of a 61% working interest and operatorship in the producing Sinu-9 gas licence, clearing a key regulatory hurdle for the US$185 million transaction and allowing the parties to move toward closing.
This deal gives Maurel & Prom control over a growing Colombian gas hub with existing production capacity, evacuation infrastructure, and a six-well exploration campaign scheduled to...