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Announced

Completed

Advance Energy completed the acquisition of a minority stake in Carnarvon Petroleum Timor for $20m.

Financials

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Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Minority

Domestic

Reverse Takeover

United States

Completed

Friendly

Single Bidder

Integrated Oil and Gas

petroleum

Synopsis

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Advance Energy, an energy company, completed the acquisition of a minority stake in Carnarvon Petroleum Timor, a Timor-Leste oil and gas company for $20m.

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