Etablissements Maurel et Prom SA (MAUP.PA) Key Developments

Etablissements Maurel et Prom SA:Says dividend payment within 2015 pertaining to FY 2014 just isn't likely. Complete ArticleEtablissements Maurel et Prom SA:Announces two positive results with regard to Ezanga permit inside Gabon.Says production assessments conducted on well confirmed the steady oil flow price regarding 750 bpd. Total ArticleEtablissements Maurel et Prom SA:Tembo-1 exploration well drilling complete within Mozambique.Spud of a pair of exploration wells within Gabon along with Myanmar.Says owns 32.60 percent working curiosity about license regarding Tembo-1 well in Mozambique exactly where propane discovery was made.Onshore Rovuma Partners will assess most information recovered through well to figure out prospective commerciality regarding this discovery.Drilling rig is now becoming mobilized for you to Kifaru-1 exploration well location. Total ArticleEtablissements Maurel et Prom SA:Launches offering regarding net discuss settled bonds convertible in to new shares and/or exchangeable pertaining to present shares (ORNANEs), due July 1, 2019 for first nominal amount regarding with regards to 220 million euros.Offering could become increased approximately a new maximum nominal quantity associated with regarding 253 million euros absolutely no later than June 9, 2014, if over-allotment option granted in order to joint lead managers and also joint bookrunners can be exercised within full.Bonds will probably be issued in par upon June 11 and also will possibly be redeemed at par on July 1, 2019.Bonds might always be redeemed earlier at company's option under specific conditions.Conversion ratio is going to be equal, from issue date involving bonds, to 1 Maurel et Prom discuss for each bond.Application for that admission for you to trading in the Bonds in open market ("Freiverkehr") in the Frankfurt Stock Exchange is planning to be made. Total ArticleEtablissements Maurel et Prom SA:Says provides signed new $650 million revolving credit score facility signed using consortium involving banks.Says lLine involving credit rating splitted among an initial tranche of $400 million plus a $250 million accordion feature.Says new credit facility allows to seal MP Gabon's $350 million line involving credit presently inside repayment.Says new credit line provides usage of additional borrowing capacity involving $250 million readily obtainable for investment opportunities. Complete ArticleEtablissements Maurel et Prom SA:Said good success involving production tests about exploration wells throughout Gabon.Said production test charge associated with more than 1,000 bopd about each wells. full ArticleEtablissements Maurel et Prom SA:Appoints Michel Hochard chief executive.Hochard formerly served as CFO.Jean-Francois Henin continues as chairman, nevertheless provides reached upper age limit specified in Content Articles involving Association regarding functions involving chief executive. full ArticleEtablissements Maurel et Prom SA:Took measures in order to temporarily limit its production allowing smooth technical intervention about pipeline linking Coucal in order to Cap Lopez.Lopez Estimated typical production regarding month involving January is actually 14,700 bopd with 100 pct.Production level will be back to be able to with regards to 25,000 bopd. full ArticleEtablissements Maurel et Prom SA:Says Joint Lead Managers and also Joint Bookrunners associated with its convertible bond issue informed it that they exercised entirely over-allotment alternative granted in order to them.Total nominal amount of issue associated with bonds had been increased in order to with regards to 253 million euros, representing 14,658,169 bonds.Admission to trading of bonds about the Open Up market associated with Frankfurt ( Freiverkehr ) is expected upon June 11.Issue will be getting led through Natixis as Global Coordinator, Joint Lead Manager and also Joint Bookrunner, and by BNP PARIBAS along with Credit Rating Agricole Corporate and also Investment Bank as Joint Lead Managers and Joint Bookrunners. Complete ArticleEtablissements Maurel et Prom SA:Kifaru-1 well within Mozambique was drilled to some depth involving 3,100 meters however failed to find an economic reservoir so which as outcome your well may be plugged as well as abandoned. full Article