Jan 20 (Reuters) - Etablissements Maurel et Prom SA MAUP.PA:

• SIGNING OF A LETTER OF INTENT FOR THE ACQUISITION OF A 40% OPERATING WORKING INTEREST IN THE SINU-9 GAS LICENCE IN COLOMBIA

• $150 MILLION ACQUISITION CONSIDERATION

• DEAL EFFECTIVE AS OF 1 FEB 2025, FULLY FUNDED FROM M&P’S EXISTING CASH RESOURCES, AVAILABLE FACILITIES

• WILL HAVE A 12-MONTH OPTION FROM CLOSING TO ACQUIRE AN ADDITIONAL 5% WORKING INTEREST IN SINU-9 FROM NG ENERGY UNDER THE SAME TERMS

• SINU-9 DEAL FOR $18.75 MILLION CONSIDERATION

• ENTERED INTO A LETTER OF INTENT WITH NG ENERGY INTERNATIONAL CORP.

Further company coverage: MAUP.PA

(Gdansk Newsroom)

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