May 24, 2018 / 7:06 AM / a year ago

Britain's RockRose to buy Netherland-based Dyas for 107 million euros

(Reuters) - Britian’s RockRose Energy (RRE.L) on Thursday said it agreed to buy Netherland-based privately held oil and gas explorer Dyas BV, for 107 million euro (94 million pounds) in cash.

The acquisition of the owner of non-operated Netherlands gas and condensate producing assets will add a further 13 Million barrels of oil equivalent net developed reserves and over 5,000 barrels of oil equivalent per day of production, RockRose said.

There will be a significant working capital adjustment at completion, the London-listed RockRose added.

Reporting by Rahul B in Bengaluru; Editing by Vyas Mohan

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