Hague and London Oil与ENGIE签署并购合作备忘录

Hague and London Oil Plc (HALO), as part of its portfolio restructuring, is pleased to announce that it has, through its subsidiary Hague and London Oil B.V., signed a Memorandum of Understanding (MoU) with ENGIE Global Energy Management to co-operate on the acquisition by HALO of natural gas production and reserves within Europe.

Under the MoU, HALO will contribute its upstream and commercial capabilities to target, acquire and manage specific low risk natural gas production assets in Europe.

ENGIE will contribute its substantial footprint in European gas markets and its expertise in energy management to offer an innovatively structured gas off-take, designed to help HALO secure the funding of such assets whilst minimising the dilution to HALO’s shareholders.

Both parties have initiated their activities and have already made solid progress. While such an arrangement is not exclusive, the parties have agreed that HALO will provide ENGIE with a first look at all projects it pursues which fit the description of assets sought within this MoU.