Egypt

ElFayum
 
 

Block:

El Fayum concession, operated by Petrosilah

Location:

Western Desert, Egypt

Operational phase:

Production/field development/exploration

SOCO interest:

100% participating interest

 

 
 

Latest News - Egypt

Further to the Company's announcement on 29 March 2019, SOCO is pleased to announce the completion of the acquisition of Merlon Petroleum El Fayum Company ("Merlon") from Merlon International LLC (the “Seller”) (the “Transaction”).
SOCO is pleased to announce the satisfaction of the regulatory conditions to its proposed acquisition (the "Proposed Transaction") of Merlon Petroleum El Fayum Company ("Merlon"), following receipt of the approval of the Egyptian Minister of Petroleum and Mineral Resources on 28 March 2019.
The Board of Directors of SOCO is pleased to announce that the resolutions proposed at the General Meeting of SOCO held earlier today at 10.00 a.m., Friday 21 December 2018, seeking, amongst other things, approval for the acquisition of Merlon Petroleum El Fayum Company (“Merlon”)...
On 20 September 2018, SOCO announced that it had reached agreement with Merlon International LLC to acquire Merlon Petroleum El Fayum Company for approximately US$215 million, to be settled through the payment of approximately US$136 million in cash and the issuance of 65,561,041 new SOCO shares
SOCO International plc is pleased to announce that it has agreed to acquire Merlon Petroleum El Fayum Company for approximately US$215 million (the "Proposed Transaction").
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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