8/26/2016 The Proposed Acquisition Of Emir­oil In Kazakhstan Is An Attractive Investment | KazWorld.info

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Kazakhstan Is An Attractive Investment News August 25, 2016 Business Business Kazakhstan Special­purpose acquisition Culture company (SPAC) Reach Sports Energy Bhd has received the approval of the Securities Commission (SC) for its Archives proposed qualifying August 2016 acquisition (QA). S M T W T F S Reach has proposed to pay 1 2 3 4 5 6 US$154.9mil 7 8 9 10 11 12 13 (RM608.59mil) for a 60% 14 15 16 17 18 19 20 stake in Palaeontol BV, which is the owner of the onshore O&G field 21 22 23 24 25 26 27 called Emir­Oil LLP in Kazakhstan. 28 29 30 31

The vendor of the stake in Palaeontol is Hong Kong­listed MIE Holdings « Jul Corp. MIE plans to own the remaining 40% in Palaeontol.

Palaeontol is the holding company of Emir­Oil which owns oil and gas Teg Cloud (O&G) producing fields, development fields and exploration prospects in an extensive 850.3 sq km contract block in the Republic of Kazakhstan. Ablyazov According to RPS Energy Consultants Limited (RPS), the indicative gross Agriculture Air proved plus probable (2P) reserves are 72.1 million stock tank barrels Astana BBB BTA (MMstb) of oil and 102.4 billion standard cubic feet of gas. Bank The proposed QA will provide an opportunity for Reach Energy to CenterCredit Central accomplish its strategy of investing in and operating a balanced portfolio Asia Resources Credit of O&G fields covering the wider spectrum of upstream O&G production, rating Ekibastuz development and exploration activities. GRES ENRC Erlan Idrissov Eurasian “Having secured the approval of the SC for the proposed QA, Reach Bank EXPO Energy will need to complete the proposed QA by calling for an 2017 Gas Halyk extraordinary general meeting at a date to be determined to seek Bank KASE shareholders’ approval for the proposed QA,” Reach said in a statement KazakhGold Thursday. Kazakhmys “The proposed acquisition of Emir­Oil in Kazakhstan is an attractive Kazakhstan investment as it contains a balanced portfolio of production, Temir Zholy development and exploration fields. These fields will bring immediate recurring revenues to the company and contribute positively to its cash Kazhegeldin KazKommertsBa http://kazworld.info/?p=55837 nk KAZ Minerals 1/2 8/26/2016 The Proposed Acquisition Of Emir­oil In Kazakhstan Is An Attractive Investment | KazWorld.info

flow, particularly with the expected improving oil prices in the medium nk KAZ Minerals to long term. KazMunaiGas “We are confident that this acquisition will bring immense value to our KazTransOil KazZinc shareholders and other stakeholders alike,” managing director Ir. Shahul KEGOC Khrapounov Hamid Mohd Ismail said in the statement. Khrapunov Koudryachova Kyzyl Gold Hong Leong Investment Bank and Maybank Investment Bank are joint National principal advisers whilst BNP Paribas is the International financial adviser Bank Oil for Reach Energy. Olympics Polymetal http://www.thestar.com.my/ Samruk­ Kazyna Related Posts: TengizChevrOil KMG EP closes acquisition of 33 percent stake in Tourism Turkey PetroKazakhstan Inc. WE­WC Highway European Investment Bank considers Kazakhstan as Zaman Bank attractive investment partner in Asian region Caspian Energy completes Aral Petroleum Capital Search acquisition

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