NEO Energy to acquire Zennor Petroleum from Kerogen Capital for $625m.

NEO Energy, an independent full-cycle energy business, agreed to acquire Zennor Petroleum, an oil and gas company, from private equity firm Kerogen Capital for $625m. "We are pleased to be able to deliver an attractive return for our shareholders and we would like to thank Kerogen for their support over the last 5 years. Our relationship with Kerogen has been very collaborative and their support in strategic, financial and technical matters has been instrumental in growing Zennor’s business. We are excited to see our joint efforts culminating in a successful monetisation of Zennor’s portfolio in a transaction with one of the leading players in the UK North Sea," Martin Rowe, Zennor Petroleum Managing Director.