Asiasons Capital said today that it will acquire a 27.5% stake in Black Elk Energy Offshore Operations LLC, a US-based oil and gas company, for US$171.65 million ($217 million).
Asiasons said the acquisition will be paid through the issue of about 194.65 million new shares at $1.1948 each. The price is at a 10% discount to trades done on Sept 12.
Black Elk Energy Offshore Operations is involved in the acquisition, exploitation and development of oil and natural gas properties in the US. It produces about 14,000 barrels of oil per day.
No comments:
Post a Comment