United Energy Group (00467) said it agreed to acquire the entire issued share capital of Oasis Natural Energy and the shareholder's loan for a total of US$33.33 million (equivalent to about HK$260 million), subject to adjustments upon closing.
Other than the holding of Bow Energy Resources (Pakistan) SRL, Oasis does not have any
current business. Bow owns a 26.32% working interest in the licence in the areas under the
petroleum concessions granted by the Pakistan Government in the Mirpur Khas and Khipro
areas, Sindh Province, Pakistan (MKK concessions) and a 19.74% working interest in the
lease in the areas under the MKK concessions. (HL).
Source: ETNET
