{"id":591565,"date":"2019-12-10T04:28:24","date_gmt":"2019-12-10T04:28:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/"},"modified":"2019-12-10T04:28:24","modified_gmt":"2019-12-10T04:28:24","slug":"united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/","title":{"rendered":"United Oil conditionally raises USD 6.3 mn for Rockhopper Egypt acquisition"},"content":{"rendered":"

M&A WATCH- United Oil conditionally raises USD 6.3 mn to partially fund<\/strong> Rockhopper Egypt<\/strong> acquisition:<\/strong> Irish energy company United Oil & Gas has conditionally raised USD 6.3 mn to partially finance its planned USD 16 mn acquisition of Rockhopper Egypt\u2019s business, United Oil said in an LSE disclosure<\/a>. The company raised the amount through a share issuance, according to the statement. Rockhopper had said in October<\/a> that the transaction \u2014 which would see United acquire a non-operating 22% interest<\/a> in the onshore Abu Sennan oil concession, among other assets \u2014 is on track to be completed by the end of 4Q2019. The agreement \u201cwill be satisfied\u201d once United makes a cash payment of at least USD 11 mn. BP had previously agreed to provide USD 8 mn to partially fund the acquisition after it entered an offtake agreement for United\u2019s future oil and gas production.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- United Oil conditionally raises USD 6.3 mn to partially fund Rockhopper Egypt acquisition: Irish energy company United Oil & Gas has conditionally raised USD 6.3 mn to partially finance its planned USD 16 mn acquisition of Rockhopper Egypt\u2019s business, United Oil said in an LSE disclosure. The company raised the amount through a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[196,72,7128,91,2380,3348],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591565","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-bp","tag-enterpriseam","tag-ma-watch","tag-oil-and-gas","tag-speed-round","tag-united-oil-gas","wpautop","entry"],"acf":{"mongo_id":"bea7d723-80a7-4aaa-a75c-bb79eb96c631","is_powered_by":true,"section_story_id":"f9343e73-d835-4d7a-8ede-d82d2f997f0f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[591550],"teaser":"","voice_url":""},"yoast_head":"\nUnited Oil conditionally raises USD 6.3 mn for Rockhopper Egypt acquisition - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United Oil conditionally raises USD 6.3 mn for Rockhopper Egypt acquisition\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- United Oil conditionally raises USD 6.3 mn to partially fund Rockhopper Egypt acquisition: Irish energy company United Oil & Gas has conditionally raised USD 6.3 mn to partially finance its planned USD 16 mn acquisition of Rockhopper Egypt\u2019s business, United Oil said in an LSE disclosure. The company raised the amount through a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-10T04:28:24+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"United Oil conditionally raises USD 6.3 mn for Rockhopper Egypt acquisition\",\"datePublished\":\"2019-12-10T04:28:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/\"},\"wordCount\":149,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BP\",\"EnterpriseAM\",\"M&A Watch\",\"oil and gas\",\"SPEED ROUND\",\"United Oil & Gas\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/united-oil-conditionally-raises-usd-6-3-mn-for-rockhopper-egypt-acquisition\/\",\"name\":\"United Oil conditionally raises USD 6.3 mn for Rockhopper Egypt acquisition - 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