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News: LIO Lion Energy Says To Acquire GPI’S 16.5 Pct Stake In The Seram (Non Bula) PSC

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    12/12/18
    12:30
    Post #: 36832201

    Dec 12 (Reuters) - Lion Energy Ltd (LIO) :

    • ENTERS AGREEMENT WITH GULF PETROLEUM INVESTMENT CO KSCC TO ACQUIRE GPI’S 16.5% STAKE IN THE SERAM (NON BULA) PSC
    • DEAL FOR US$32 MILLION
    • TOTAL PURCHASE PRICE OF US$44M INCLUDES CONTINGENT CONSIDERATIONS AGAINST MILESTONES OF US$7.2M AND US$4.8M
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