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BLM BluMetric Environmental Inc

0.40
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BluMetric Environmental Inc TSXV:BLM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.40 0.41 0.455 0 15:04:20

Black Marlin Energy Holdings Limited Receives Shareholder Approval for the Proposed Acquisition by Afren plc

13/09/2010 3:00pm

Marketwired Canada


Afren plc ("Afren") (LSE: AFR) and Black Marlin Energy Holdings Limited ("Black
Marlin") (TSX VENTURE:BLM) are pleased to announce that Black Marlin has
received the approval of the required majority of shareholders for the
acquisition by Afren plc.


At Black Marlin's General Meeting held on Friday 10th September in connection
with the proposed acquisition of Black Marlin by Afren, all resolutions were
approved by the requisite majority of shareholders. 


The acquisition combines two portfolios that offer a complementary fit,
providing a balanced exposure across the full E&P value cycle of production,
development, appraisal and exploration. Black Marlin's portfolio of assets
represents an attractive, multi-country entry position in East Africa, a region
that has emerged as an exploration province of global interest following recent
significant discoveries. The 12 assets located in Kenya, Ethiopia, Madagascar
and Seychelles are located in basins with proven or strong evidence of working
hydrocarbon systems.


The Afren General Meeting to approve the Ordinary Resolution, pursuant to the
Notice of AGM dated 24th August 2010, will be held on 21st September 2010.


Notes to Editors

Afren

Afren is an African focused independent oil and gas exploration and production
company listed on the main market of the London Stock Exchange and a constituent
of the FTSE 250. Afren is currently producing from its assets offshore Nigeria
and Cote d'Ivoire, with a significant appraisal and development project due
onstream in 2010 from Nigeria. Afren has operated exploration interests in
Ghana, Cote d'Ivoire and Nigeria, with minority exploration interests in Congo
Brazzaville and the Joint Development Zone of Nigeria - Sao Tome & Principe. For
further information please refer to www.afren.com.


Black Marlin 

Black Marlin Energy is an independent exploration and appraisal company listed
on the TSX Venture Exchange (ticker symbol: BLM). The company holds 12
exploration blocks in Kenya, Ethiopia, Madagascar and the Seychelles. Its
strategy is to focus on exploration opportunities where the potential for large
discoveries exists in under-explored basins.


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