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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pjsc Lukoil | LSE:LKOH | London | Ordinary Share | RU0009024277 | ORD RUB0.025 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 56.2184 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LONDON--BowLeven PLC (BLVN.LN), an Africa-focused oil and gas company, Tuesday said it agreed to sell part of its interest in the Etinde Permit, offshore Cameroon, to Lukoil Holdings (LKOH) and NewAge.
Bowleven will reduce its interest in the permit from 75% to 25% and get $250 million comprising $170 million in cash payment at completion, a defered cash payment of $40 million, and $40 million carry for two appraisal wells.
Lukoil will acquire a 37.5% interest, while NewAge will increase its holding in the permit from 25% to 37.5%. Bowleven will keep a 25% stake.
Write to Ed Ballard at ed.ballard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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