International Petroleum: Sale of Russian Assets and Loans Swapped to Shares
International Petroleum Limited advises that it has entered into share purchase agreement pursuant to which it will sell subsidiary companies, IPL Siberia Limited and International Petroleum Company Limited, to an unrelated company incorporated in the British Virgin Islands (Buyer) for US$13million (Transaction). IPL Siberia indirectly holds the Yuzhno-Sardakovsoye Block Licence, …
International Petroleum: Quarterly Activities Report for the Quarter Ending 30 September 2013
International Petroleum Limited, an oil and gas exploration company with assets in Russia, Kazakhstan and Niger, is pleased to present its quarterly activities report for the quarter ended 30 September 2013. HIGHLIGHTS • US$122,000 cash at bank at 30 September 2013 • Sale of Russian Assets and Kazakhstan Assets for …
International Petroleum Signs Binding Agreements for the Sale of Russian and Kazakhstan Assets for US $60 million
International Petroleum Limited has entered into two binding conditional terms sheets with an unrelated company incorporated in Hong Kong to sell its assets in Kazakhstan and Russia for US $60 million. Commenting on the reaching of agreement for the sale of its Kazakhstan and Russian assets, International Petroleum Chairman, Mr …
International Petroleum: Seeks Russian Asset Sale
International Petroleum Limited announces that it is in discussions with a third party concerning a potential sale of its Russian assets for cash consideration to accelerate the resolution of its indebtedness position and finance its exploration for oil and gas and working capital . On 24 April 2013 , Range …
International Petroleum Fails to Receive Range Resource Loan Finance
International Petroleum Limited, advises its shareholders that , since its announcement on 17 June 2013 , it has not received any additional funds from Range Resources Limited pursuant to the loan facility ( Loan ) provided by Range Resources to the Company. To date, the Company has received US$ 8million …
International Petroleum and Range Resources Merger Update
Further to its announcement of 24 April 2013, Range Resources Limited is pleased to provide the following update with respect to its proposed strategic merger with International Petroleum Limited. Since announcing the intended merger transaction, key legal , technical, corporate and financial advisors have been appointed and the parties have …
International Petroleum: Range Resources Loan Cash Due Shortly
Further to the announcements made on 5 April 2013, 19 April 2013 and 26 April 2013, International Petroleum Limited, advises its shareholders that it has, so far, received US$5million of the total US$15million loan funds from Range Resources Limited pursuant to the loan facility. Range Resources Limited has indicated that …
International Petroleum: Strategic Merger Offer By Range Resources
International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, advises its shareholders that Range Resources Limited announced on 24 April 2013 its intention to undertake a strategic merger to acquire all of the issued shares in International Petroleum either by making an …
Range Resources Proposes to Undertake Merger with International Petroleum
Range proposes to merge with International Petroleum on a ratio of three Range ordinary shares for every two International Petroleum ordinary shares (3:2 basis) subject to various conditions, including final due diligence and regulatory approvals; – Based on Range’s current share price (on the AIM market), this values International Petroleum …