KUALA LUMPUR: Salamander Energy has agreed to the offer made by Ophir Energy Plc to acquire its assets in a £267mil (US$419mil) all-stock deal which could impact Sona Petroleum Bhd.
Sona Petroleum said on Tuesday that despite that both boards had agreed to the deal, it was still committed to buy the 40% stake in two oil and gas blocks in Thailand from Salamander Energy for US$281.2mil (RM912mil).
Earlier Tuesday, Sona Petroleum told Bursa Malaysia that it had received the Securities Commission’s approval for its proposed purchase.
In a separate statement later, Sona Petroleum announced that it had received a notice that Salamander Energy had agreed to Ophir Energy’s offer.
“It is a condition of the offer that the agreement between Salamander and Sona Petroleum in relation to the proposed transaction is terminated.
“Notwithstanding the above and with the receipt of the SC’s approval, the board of directors of Sona Petroleum remains highly committed to complete its proposed transaction.
“The Sona board is seeking further advice on the offer and will engage with Salamander before deciding on the next steps. The Sona board will continue to provide updates on any further development as and when they arise,” it said
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