Genel Energy acquires rump of Miran block
Genel Energy announces that on the 9 November 2012, Heritage Oil Plc (”Heritage”) issued the Exchange Repayment Notice notifiying the Company of its intention to repay the $294 million loan made by Genel Energy to Heritage in August 2012 through the transfer of Heritage’s remaining 49 per cent interest in the Miran exploration block in […]Genel Energy announces that on the 9 November 2012, Heritage Oil Plc (”Heritage”) issued the Exchange Repayment Notice notifiying the Company of its intention to repay the $294 million loan made by Genel Energy to Heritage in August 2012 through the transfer of Heritage’s remaining 49 per cent interest in the Miran exploration block in the Kurdistan Region of Iraq (the “Exchange Repayment”). The interest in the Miran Block is currently held by Heritage Energy Middle East Limited (“HEME”), a wholly owned subsidiary of Heritage.
