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Premier Oil - Recommended acquisition of EnCore Oil
Slaughter and May is advising Premier Oil plc on the recommended acquisition of EnCore Oil plc which values EnCore at approximately £221 million. It is proposed that the acquisition will be implemented by way of a court-sanctioned scheme of arrangement. The recommended acquisition was announced on 05 October 2011. EnCore is an independent oil and gas exploration and production company. Its portfolio of assets is focussed on the offshore UK Continental Shelf and includes interests in the Catcher and Cladhan areas.
Contacts
Corporate: Hywel Davies (partner), Simon Evers (associate), Tohkeel Amin (associate); Financing: Philip Snell (partner), Bevan Peachey (associate), Rebecca Lee (associate); Employment: Jonathan Fenn (partner), Adam Taylor (associate)
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