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19.06.25 - 07:33
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Maurel & Prom S.A.: Signing of an SPA to acquire additional interests in Blocks 3/05 and 3/05A in Angola (Business Wire)
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PARIS--(BUSINESS WIRE)--Regulatory News:
Etablissements Maurel & Prom S.A. (Paris:MAU) ("M&P", the “Group”) is pleased to announce it has agreed to jointly acquire, alongside Afentra plc (“Afentra”), Etu Energias S.A.'s (“Etu”) 10% interest in Blocks 3/05 and 13.33% interest in Block 3/05A in Angola (the “Acquisition”).
M&P has signed a Sale and Purchase Agreement (“SPA”) with Etu for its 50% share of the Acquisition which is subject to customary closing conditions including approval from Angolan authorities. M&P will acquire an additional interest of 5% in Block 3/05 and 6.67% in Block 3/05A, with an initial consideration of $23 million. A contingent consideration of up to $11 million may be payable, linked to a combination of oil price thresholds, production performance, and the successful development of existing discoveries.
The acquisition will be funded entirely from M&P's existing cash resources and available credit facilities ($377 million as of 31 March 2025, profor...
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27.05.25 - 18:42
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Maurel & Prom: Report on the Combined Shareholders′ Meeting of 27 May 2025 (Business Wire)
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PARIS--(BUSINESS WIRE)--Regulatory News:
Maurel & Prom (Paris:MAU):
The Combined shareholders' meeting was held today under the chairmanship of Mr. Jaffee Suardin.
Resolutions
The Combined Shareholders' meeting approved all the resolutions put to the vote. The Combined Shareholders' Meeting approved notably the parent company and consolidated financial statements for the 2024 fiscal year.
The General Shareholders' Meeting approved the payment of a dividend of €0.33 per share. The dividend will be paid out on 28 August 2025, the ex-dividend date is 26 August 2025 and the record date is 27 August 2025.
Composition of the Board of Directors and its Committees
The General Shareholders' meeting renewed Mr. Marc Blaizot, Mr Bagus Rahadiansyah et Mr Jaffee Suardin as directors.
The Board of Directors of Maurel & Prom remains composed of 8 members, including 3 independent directors and 4 women, i.e. 50% of the members of the Board.
All information on the composition of the Board of Directors and its Commit...
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17.04.25 - 07:33
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Maurel & Prom: Q1 2025 Activity (Business Wire)
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PARIS--(BUSINESS WIRE)--Regulatory News:
Maurel & Prom (Paris:MAU):
M&P working interest production in Q1 2025: 38,534 boepd, up 6% on Q4 2024 and higher for each of the Group's assets
M&P working interest production of 15,684 bopd in Gabon, up 6%
M&P working interest production of 4,478 bopd in Angola, up 3%
M&P working interest gas production of 60.8 mmcfd in Tanzania, up 5%
M&P Iberoamerica working interest oil production of 8,236 bopd in Venezuela, up 9%
Valued production of $136 million, up 3% compared with Q4 2024
The sale price of oil was $74.9/bbl for the period, stable compared with Q4 2024 ($74.2/bbl)
Contribution to sales of $4 million for service activities
Sales of $64 million, down sharply due to lifting imbalances (negative impact of $76 million, with only one cargo sold over the period, in Angola) and the absence of oil trading
Completion of the acquisition of the 40% stake in the Sinu-9 gas permit in Colombia expected by June
Application filed with the Colombian National Hydrocarbon Agen...
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06.03.25 - 07:36
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Maurel & Prom: 2024 Annual Results (Business Wire)
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Pursuit of growth and increasing shareholder returns
PARIS--(BUSINESS WIRE)--Regulatory News:
Maurel & Prom (Paris:MAU):
Solid operational and financial performance maintained
M&P working interest production in 2024: 36,222 boepd, up 29% from 2023, and higher for each of the Group's assets
Scope 1 and 2 emissions: 12.3kg of CO2 equivalent per barrel of oil equivalent
Stable price environment: average oil sale price of $80.3/bbl vs. $79.3/bbl in 2023
Sales of $808 million (+19%), EBITDA of $368 million (+3%), consolidated net income of $246 million (+2%), Group share of net income of $233 million (+9%)
Positive net cash position achieved for the first time since 2007, thanks to a marked increase in cash flow generation
Free cash flow of $241 million, up 54% from 2023
Positive net cash position of $34 million at 31 December 2024, up $154 million from end-2023 (net debt of $120 million at 31 December 2023)
Intense activity of growth and development for the Group
Gabon: award of the Etekamba gas permit in Se...
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04.03.25 - 08:09
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Maurel & Prom: Save the Date – Webcast (Business Wire)
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Annual results 2024
PARIS--(BUSINESS WIRE)--Regulatory News:
Maurel & Prom (Paris:MAU):
Following the publication of its annual results, M&P will hold an analyst/investor conference via an audio webcast in French and English on Thursday 6 March 2025 at 10:00, which will be followed by a Q&A session.
To attend the webcast live or access a replay, please use the following link: https://channel.royalcast.com/maureletpromfr/#!/maureletpromfr/20250306_1
www.maureletprom.fr
This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By their very nature, forecasts involve risk and uncertainty insofar as they are based on events or circumstances which may or may not occur in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation o...
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10.02.25 - 07:48
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Maurel & Prom: Signing of the Definitive Agreement for the Acquisition of a 40% Operating Working Interest in the Sinu-9 Gas Licence in Colombia (Business Wire)
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PARIS--(BUSINESS WIRE)--Regulatory News:
Maurel & Prom (Paris:MAU):
Etablissements Maurel & Prom S.A. ("M&P", the “Group”) is pleased to announce it has entered into a definitive agreement with NG Energy International Corp. (“NG Energy”) to acquire a 40% operating working interest in the Sinu-9 gas licence in Colombia, pursuant to the letter of intent signed on 19 January 2025.
The effective date for the transaction is 1 February 2025. The consideration of $150 million will be funded from M&P's existing cash resources and available credit facilities ($260 million as of 31 December 2024). A deposit of $20 million is payable by M&P, and the remainder will be paid at completion, subject to adjustments reflecting cash flows during the period between the effective date and closing.
Closing of the transaction remains subject to the receipt of regulatory approvals, including the approval of the Colombian National Hydrocarbons Agency (“ANH”), and the satisfaction of other customary closing ...
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20.01.25 - 07:06
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Maurel & Prom: Signing of a Letter of Intent for the Acquisition of a 40% Operating Working Interest in the Sinu-9 Gas Licence in Colombia (Business Wire)
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PARIS--(BUSINESS WIRE)--Regulatory News:
Maurel & Prom (Paris:MAU):
Producing and development-ready onshore operated gas asset, strategically located with key infrastructure in-place
Located in the Sinu San Jacinto basin and connected into the Promigas pipeline with direct access to the coastal urban and industrial areas in the north of Colombia
High quality asset with recently developed facilities
First gas achieved in November 2024 as part of the ongoing long term test
Current infrastructure in place for gross production of up to 40 mmcfd (16 mmcfd net to the acquired 40% working interest) with further development expected to increase production well beyond this initial level
Proven reserves with considerable exploration and appraisal upside
Prolific basin, with multiple producing fields in the area and strong geological continuities
Gross proven plus probable (2P) and proven plus probable plus possible (3P) reserves of respectively 158.8 bcf and 340.8 bcf as of 31 December 2023 (respectively 63.5 bcf a...
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13.01.25 - 18:24
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Maurel & Prom: 2025 Financial Calendar (Business Wire)
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PARIS--(BUSINESS WIRE)--Regulatory News:
Etablissements Maurel & Prom (Euronext Paris: MAU, ISIN FR0000051070) announces its financial communication calendar for 2025.
30 January 2025: Activity in 2024
Press release before the financial markets opening
6 March 2025: 2024 Annual Results
Press release before the financial markets opening
17 April 2025: Q1 2025 Activity
Press release before the financial markets opening
27 May 2025: Annual General Meeting (10:00 am)
17 July 2025: Activity in the first half of 2025
Press release before the financial markets opening
5 August 2025: Results for the first half of 2025
Press release before the financial markets opening
16 October 2025: Activity for the first nine months of 2025
Press release before the financial markets opening
These dates are given for guidance and may be subject to change.
For more information, please visit www.maureletprom.fr/en/
This document may contain forecasts regarding the financial position, results, business and industrial strategy of M...
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01.07.24 - 23:51
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XFRA : DIVIDEND/INTEREST INFORMATION - 03.07.2024 - FR0000051070 (XETRA)
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Das Instrument ETX FR0000051070 MAUREL ET PROM INH.EO-,77 EQUITY wird cum Dividende/Zinsen gehandelt am 02.07.2024 und ex Dividende/Zinsen am 03.07.2024
The instrument ETX FR0000051070 MAUREL ET PROM INH.EO-,77 EQUITY has its pre-dividend/interest day on 02.07.2024 and its ex-dividend/interest day on 03.07.2024...
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