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ID - Solo Oil eyes acquisition of 5,000 boe/d via strategic M&A - March 2019
UK-listed Solo Oil launched a strategy to add production of 5,000 boe/d over the next three years by acquiring gas assets in Europe and oil and gas assets in North African countries “with benign jurisdictions and attractive pricing dynamics.” The company said the targeted acquisitions would potentially be able to attract non-equity funding partners, which would mitigate its need to raise equity for the deals. Solo said it has recently evaluated “more than 15 target acquisitions across a number......
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