Acquisition of Alpha Petroleum from Shorelight Partners
11 July 2022
Waldorf Production Limited (“Waldorf” or the “Company”) is pleased to announce that it has entered into a binding Sale and Purchase Agreement with a wholly owned subsidiary of Shorelight Partners (“Shorelight”) for the acquisition of Alpha Petroleum Resources Limited (“Alpha Petroleum”).
Alpha Petroleum’s assets include a 100% working interest in the Cheviot field and an operated interest in three late life/redevelopment fields in the Southern Gas Basin. Cheviot is one of the largest undeveloped fields in the UK North Sea, with estimated contingent resources of 50 MMbbls oil and 120 bcf gas.
There are no implications for the Nordic Bond issued by Waldorf Production UK PLC on 1 October 2021.
Erik Brodahl, Chief Executive Officer of Waldorf Production said:
“We are delighted to be partnering with the Alpha team and look forward to welcoming our new colleagues to Waldorf. Cheviot provides a valuable development opportunity to supplement our existing production portfolio and will increase our contribution to the UK’s much-needed energy security.”
This announcement may contain certain forward-looking statements and information that both represent management’s current expectations or beliefs concerning future events and are subject to known and unknown risks and uncertainties. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts.
Waldorf Production Limited (“Waldorf” or the “Company”) is pleased to announce that it has entered into a binding Sale and Purchase Agreement with a wholly owned subsidiary of Shorelight Partners (“Shorelight”) for the acquisition of Alpha Petroleum Resources Limited (“Alpha Petroleum”).
Alpha Petroleum’s assets include a 100% working interest in the Cheviot field and an operated interest in three late life/redevelopment fields in the Southern Gas Basin. Cheviot is one of the largest undeveloped fields in the UK North Sea, with estimated contingent resources of 50 MMbbls oil and 120 bcf gas.
There are no implications for the Nordic Bond issued by Waldorf Production UK PLC on 1 October 2021.
Erik Brodahl, Chief Executive Officer of Waldorf Production said:
“We are delighted to be partnering with the Alpha team and look forward to welcoming our new colleagues to Waldorf. Cheviot provides a valuable development opportunity to supplement our existing production portfolio and will increase our contribution to the UK’s much-needed energy security.”
This announcement may contain certain forward-looking statements and information that both represent management’s current expectations or beliefs concerning future events and are subject to known and unknown risks and uncertainties. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts.
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