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Etablissements Maurel et Prom SA (MAUP.PA)

MAUP.PA on Paris Stock Exchange

2.85EUR
23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Amerisur Resources Says Current Maurel & Prom Possible Offer Materially "Undervalued Company"
Monday, 22 Jul 2019 

July 22 (Reuters) - Amerisur Resources PLC ::AMERISUR RESOURCES MAUREL & PROM - POSSIBLE OFFER FROM ETABLISSEMENTS MAUREL & PROM.AMERISUR - NOTED ANNOUNCEMENT BY MAUREL & PROM REGARDING POSSIBLE OFFER FOR WHOLE CO.AMERISUR RESOURCES PLC - CONFIDENT THAT A COMPETITIVE DEAL PROCESS INVOLVING SEVERAL POTENTIAL COUNTERPARTIES CAN BE COMPLETED.AMERISUR - BOARD CONCLUDED THAT MAUREL & PROM POSSIBLE OFFER MATERIALLY UNDERVALUED COMPANY AND WAS NOT AT A LEVEL THAT MERITED FURTHER CONSIDERATION.AMERISUR RESOURCES PLC - BOARD WILL CONSIDER ANY FUTURE PROPOSAL PUT FORWARD BY MAUREL & PROM IN CONTEXT OF ONGOING COMPETITIVE FORMAL SALES PROCESS.AMERISUR RESOURCES PLC - SHAREHOLDERS ARE ADVISED TO TAKE NO ACTION IN RESPECT OF POSSIBLE OFFER..AMERISUR RESOURCES PLC - AS WELL AS OFFER FROM MAUREL & PROM, CO HAS HAD A NUMBER OF ADDITIONAL EXPRESSIONS OF INTEREST IN COMPANY.  Full Article

Etablissements Maurel & Prom: Possible Offer For Amerisur Resources
Monday, 22 Jul 2019 

July 22 (Reuters) - MAUREL ET PROM ::ETABLISSEMENTS MAUREL & PROM S.A. POSSIBLE OFFER FOR AMERISUR RESOURCES PLC.M&P HAS WRITTEN TO BOARD OF AMERISUR INDICATING THAT POSSIBLE OFFER WOULD BE TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF AMERISUR FOR A CONSIDERATION OF CASH AND M&P SHARES VALUING EACH SHARE IN AMERISUR AT 17.0 PENCE.POSSIBLE OFFER PRICE IMPLIES AN EQUITY VALUE OF US$257MM, AND REPRESENTS A 41.7% PREMIUM TO AMERISUR'S SHARE PRICE OF 12.0 PENCE ON 17 JULY 2019.M&P BELIEVES THAT PROPOSED COMBINATION WOULD ENABLE M&P TO LEVERAGE ITS OPERATIONAL EXPERTISE ON AMERISUR'S PROMISING PORTFOLIO OF DEVELOPMENT AND EXPLORATION OPPORTUNITIES.IF POSSIBLE OFFER INCLUDES A SHARE COMPONENT AND IS SUCCESSFUL, IT IS M&P'S INTENTION TO SEEK A LISTING ON STANDARD SEGMENT OF LONDON STOCK EXCHANGE'S MAIN MARKET WITHIN 3-6 MONTHS.CASH COMPONENT OF POSSIBLE OFFER WOULD BE FUNDED BY M&P'S EXISTING CASH RESOURCES AND AVAILABLE UNDRAWN FACILITIES.  Full Article

Maurel & Prom H1 Sales Down 4% YoY
Friday, 12 Jul 2019 

July 12 (Reuters) - Etablissements Maurel et Prom SA ::MAUREL & PROM: PRODUCTION AND SALES FOR THE FIRST HALF OF 2019.H1 2019 SALES AT US$229 MILLION, DOWN SLIGHTLY (-4%) FROM H1 2018 DUE TO LIFTING IMBALANCES.OIL PRODUCTION IN GABON UP 16% FROM H1 2018, WITH 25,033 BOPD FOR OPERATED INTEREST (20,026 BOPD FOR M&P SHARE) IN H1 2019.GAS PRODUCTION IN TANZANIA WAS 66.2 MMCFPD FOR OPERATED INTEREST (31.8 MMCFPD FOR M&P SHARE) IN H1 2019.CASH POSITION STOOD AT US$360 MILLION AT 30 JUNE 2019, INCREASE COMPARED WITH POSITION AT 31 DECEMBER 2018 (US$280 MILLION).ON EZANGA PERMIT, TWO EXPLORATION DRILLING PROJECTS WILL BE CARRIED OUT DURING Q3 OF 2019.BEGINNING OF CAMPAIGN TO ACQUIRE SEISMIC DATA ON FIUME-TELLARO PERMIT IS SCHEDULED FOR SEPTEMBER 2019.  Full Article

Maurel Et Prom Q1 Consolidated Revenue Down At 103 Million Dollars
Thursday, 18 Apr 2019 

April 18 (Reuters) - ETABLISSEMENTS MAUREL ET PROM SA ::Q1 CONSOLIDATED REVENUE $ 103 MILLION VERSUS $ 128 MILLION YEAR AGO.Q1 AVERAGE SELLING PRICE PER BARREL OF OIL $ 63.9 VERSUS $ 66.3 YEAR AGO.  Full Article

Maurel et Prom FY Sales Up 10 Pct At $440 Million
Thursday, 7 Feb 2019 

Feb 8 (Reuters) - ETABLISSEMENTS MAUREL ET PROM SA ::REPORTED ON THURSDAY GROUP SALES UP 10% TO US$440M FOR 2018.M&P TOTAL WORKING INTEREST PRODUCTION OF 22,934 BOEPD FOR 2018, DOWN 4% COMPARED WITH 2017.OIL PRODUCTION IN GABON WAS 20,342 BOPD FOR OPERATED INTEREST (16,273 BOPD FOR M&P WORKING INTEREST), DOWN 19% ON THE PREVIOUS YEAR.GAS PRODUCTION IN TANZANIA WAS 83.2 MMCF/D FOR OPERATED INTEREST (40 MMCF/D FOR M&P WORKING INTEREST), UP 69% COMPARED WITH THE PREVIOUS YEAR.SHARP RISE IN OIL PRICES IN 2018 MORE THAN COMPENSATED FOR THE DROP IN OIL PRODUCTION IN GABON.AS AT 31 DECEMBER 2018, GROSS P1+P2 (2P) RESERVES AMOUNTED TO 190 MMBOE, THE EQUIVALENT OF 172 MMBOE IN M&P SHARE, NET OF ROYALTIES.AS AT 31 DECEMBER 2018, THE GROUP ALSO HAD GAS RESERVES OF 232 BCF..  Full Article

Maurel Et Prom 9 Month Sales Up At 342 Million Dollars
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - ETABLISSEMENTS MAUREL ET PROM SA ::SALES OF US$342M FOR THE FIRST NINE MONTHS OF 2018, UP 19%.AS AT 30 SEPTEMBER 2018, THE GROUP’S CASH AND CASH EQUIVALENTS POSITION STOOD AT US$318 MILLION, UP US$10 MILLION COMPARED WITH 30 JUNE 2018.9MTH AVERAGE SALE PRICE FOR THE PERIOD OF US$70.7/BBL, UP 40% COMPARED WITH THE FIRST NINE MONTHS OF 2017.  Full Article

Maurel & Prom Consolidated H1 EBITDA up at 99 Million Euros
Friday, 3 Aug 2018 

Aug 3 (Reuters) - ETABLISSEMENTS MAUREL ET PROM SA ::REG-MAUREL & PROM: CONSOLIDATED RESULTS AT 30 JUNE 2018.H1 EBITDA UP BY 27% TO EUR 99M (US$120M).H1 SHARP INCREASE IN NET INCOME TO EUR 20M (US$24M).AT 30 JUNE 2018, GROUP'S CASH POSITION STOOD AT EUR 265 MILLION.AT 30 JUNE 2018 NET DEBT AT EUR 335 MILLION..  Full Article

Reg-Maurel & Prom Sales For The First Half Of 2018 Usd 237Mln
Friday, 27 Jul 2018 

July 27 (Reuters) - Etablissements Maurel et Prom SA ::REG-MAUREL & PROM : SALES FOR THE FIRST HALF OF 2018: US$237M (€196M).H1 REVENUE EUR 196 MILLION VERSUS EUR 172 MILLION YEAR AGO.  Full Article

Maurel Et Prom Q1 Consolidated Sales Up At 104 Million Euros
Monday, 23 Apr 2018 

April 23 (Reuters) - ETABLISSEMENTS MAUREL ET PROM SA ::Q1 CONSOLIDATED SALES EUR 104 MILLION VERSUS EUR 90 MILLION YEAR AGO.Q1 2018 SALES: $128 MILLION.Q1 AVERAGE SELLING PRICE PER BARREL OF OIL $ 66.3 VERSUS $52.8 YEAR AGO.EXPECTED POSITIVE EFFECTS FROM DRILLING OPERATIONS ON PRODUCTION SHOULD BE SEEN IN SECOND HALF OF YEAR.  Full Article

Maurel Et Prom FY Consolidated Revenue Up At 355‍​ Million Euros
Monday, 5 Feb 2018 

Feb 5 (Reuters) - MAUREL ET PROM ::FY CONSOLIDATED REVENUE EUR 355‍​ MILLION VERSUS EUR 317 MILLION YEAR AGO.FY OIL AVERAGE SALE PRICE $53.0‍​ PER BBL VERSUS $42.7 PER BBL YEAR AGO.FY TOTAL PRODUCTION 6.8 MILLION BARRELS OF OIL VERSUS 7.4 MILLION BARRELS OF OIL YEAR AGO.FY GAS AVERAGE SALE PRICE $3.15‍​ PER BTU VERSUS $3.13 PER BTU YEAR AGO.DRILLING OF FIRST EXPLORATION WELLS ON KARI AND NYANGA-MAYOMNBÉ PERMITS WILL START IN SECOND HALF OF 2018.  Full Article

Deals of the day-Mergers and acquisitions

July 22 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: