Announced
Financials
Sources
Tags
Integrated Oil and Gas
oil and gas
Majority
Kazakhstan
Cross Border
Friendly
Single Bidder
Pending
Acquisition
Private
Synopsis
Nostrum Oil & Gas, an oil and gas exploration and production company, agreed to acquire a 80% stake in Positive Invest, the holding company of Stepnoy Leopard Fields, for $20m. "We are pleased to announce the proposed acquisition of a majority interest in Positive Invest, whose assets are complementary to our own and which we know well. We look forward to working with the relevant stakeholders to appraise the known potential and develop additional resources which can be part of the continuing expansion of operations at our world-class gas treatment facility in Kazakhstan." Arfan Khan, Nostrum CEO.
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