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Etablissements Maurel et Prom SA (MAUP.PA)

MAUP.PA on Paris Stock Exchange

4.22EUR
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Maurel et Prom 9 mth sales up 10 pct at 226 mln euros
Thursday, 27 Oct 2016 11:48am EDT 

Etablissements Maurel et Prom SA : Reports 9 month sales: 226 million euros ($246.1 million) versus 205 million euros, up 10 pct . 9 month onth average sale price for oil per barrel $41.0 versus $50.9 year ago .9 month barrels of oil sold 5,526,480 versus 4,026,517 year ago.  Full Article

Maurel et Prom H1 net loss narrows to 37 mln euros
Wednesday, 31 Aug 2016 01:42am EDT 

Maurel et Prom : H1 net loss of 37 million euros ($41.2 million) versus loss of 44 million euros in H1 2015 . H1 EBITDA margin stable at 40 pct . Sale of Pacifico-held M&P shares to Pertamina based on a price of 4.20 euros + 0.50 euros earn-out depending on barrel prices in 2017 . Increase in quantities produced in Gabon: +22 pct to 21,169 bopd for M&P share .Increase in gas sales in Tanzania: average of 23.7 MMcf/d in H1 2016 for M&P share.  Full Article

Pertamina finalizes acquisition of Pacifico shareholding in Maurel et Prom
Thursday, 25 Aug 2016 11:40am EDT 

Etablissements Maurel et Prom SA :Announces completion of the acquisition by Pertamina of the entire shareholding held by Pacifico in Maurel & Prom.  Full Article

Pertamina enters into an agreement to acquire all of Pacifico's Maurel & Prom shares
Monday, 1 Aug 2016 02:52am EDT 

Maurel Et Prom : Agreement between Pacifico and Pertamina . Pertamina has entered into an agreement to acquire all of Pacifico's Maurel & Prom shares for 4.20 euros per share . Deal includes eur 0.50 earn-out per share if from Jan-Dec 2017 brent price exceeds $65/bbl during all trading days within 90 consecutive calendar days .Pertamina commits itself to launch a voluntary tender offer over Maurel & Prom at same conditions than those offered for block trade.  Full Article

Maurel et Prom H1 consolidated revenue down 10 pct to 142 million euros
Wednesday, 27 Jul 2016 11:36am EDT 

Maurel Et Prom : H1 consolidated revenue 142 million euros ($156.03 million)versus 158 million euros year ago . H1 average sale price per barrel 39.2 USD versus 53.5 USD year ago .H1 barrels of oil sold 3,578,500 versus 2,948,724 year ago.  Full Article

Maurel et Prom: modification of shares parity in merger with MPI
Tuesday, 15 Dec 2015 01:28am EST 

Etablissements Maurel et Prom SA:Gives an update on merger with MPI SA: modification of shares parity.MPI board believes necessary parity of 1.5 MPI shares for 1 Maurel & Prom share, after MPI dividend pay out of 0.45 euros ($0.4960) to its shareholders.  Full Article

Maurel et Prom approves final terms of merger with MPI
Friday, 16 Oct 2015 01:30am EDT 

Etablissements Maurel et Prom SA:Announces approval of the final terms of the proposed merger with MPI.Definitive parity: 1.75 MPI shares per Maurel & Prom share.This final exchange parity factors in an extraordinary dividend of 0.45 euro for each MPI share with dividend rights.Extraordinary dividend will be subject to approval of MPI shareholders on Dec. 17.  Full Article

MPI proposes merger with Maurel & Prom
Wednesday, 7 Oct 2015 02:44am EDT 

MPI SA:Says as part of the proposed merger with Etablissements Maurel & Prom, it announces the publication of a letter to shareholders.Merger conditions to be voted by shareholders on EGM in December.  Full Article

Etablissements Maurel et Prom interruption of flow of crude oil on the 12''pipeline in Gabon
Friday, 4 Sep 2015 12:26pm EDT 

Etablissements Maurel et Prom SA:Force majeure situation leading to an interruption of the flow of crude oil on the 12''pipeline in Gabon.This situation has led to Maurel & Prom Gabon completely shutting down its production.According to operator, production should resume within a week at latest.  Full Article

Etablissements Maurel et Prom announces planned merger with MPI
Thursday, 27 Aug 2015 12:00pm EDT 

Etablissements Maurel et Prom SA:Announces planned merger between Maurel & Prom and MPI SA.Merger must be approved by general shareholders' meetings of both companies in Dec. 2015, with retroactive effect from Jan. 1, 2015.MPI would be absorbed by Maurel & Prom.MPI shareholders would receive 1 Maurel & Prom share for 2 MPI shares.  Full Article

UPDATE 1-Gabon oil workers to end strike at Onal field on Wednesday

LIBREVILLE, Oct 25 Oil workers will end a strike at French firm Maurel and Prom's Onal field in Gabon on Wednesday after a deal was reached to reinstate dismissed personnel, according to the agreement, which was seen by Reuters on Tuesday.