Progress Of Disclosed Matters) Completion Of Acquisition Of Tight Oil And Gas Assets Through Acquisition Of Entire Interest In Verdad Resources
27/02/2026 05:04
Feb 27 (Reuters) - Japan Petroleum Exploration Co Ltd 1662.T: JAPAN PETROLEUM EXPLORATION CO LTD: PROGRESS OF DISCLOSED MATTERS) COMPLETION OF ACQUISITION OF TIGHT OIL AND GAS ASSETS THROUGH ACQUISITION OF ENTIRE INTEREST IN VERDAD RESOURCES JAPAN PETROLEUM EXPLORATION CO LTD: COMPLETED ACQUISITION OF ALL INTERESTS IN VERDAD RESOURCES INTERMEDIATE HOLDINGS LLC (HEREINAFTER "VRIH"), WHICH HOLDS TIGHT OIL AND GAS ASSETS (HEREINAFTER "ASSETS") IN COLORADO AND WYOMING JAPAN PETROLEUM EXPLORATION CO LTD: TOTAL ENTERPRISE VALUE FOR VRIH INTERESTS WAS US$1.26 BILLION JAPAN PETROLEUM EXPLORATION CO LTD: APPROXIMATELY US$360 MILLION WILL BE FINANCED THROUGH RESERVE BASED LENDING (RBL), WITH REMAINING PORTION COVERED BY JAPEX'S OWN FUNDS AND OTHER SOURCES Source text: ID:nTSna8a0a6 Further company coverage: 1662.T (Reporting by Tokyo Newsroom) ((+81345201189;))
Recent news on Japan Petroleum Exploration Co
See all newsBrief: Japex Executive We Have Secured Three LNG Cargoes For Fy2026 As Substitute For Middle Eastern Supplies
Table: Petroleum Exploration -2025/26 group results
Table: Petroleum Exploration -2025/26 parent results
Japex aims to quadruple oil and gas output in 10 years, eyes US expansion (updated)
Brief: Japex President: Of The 1.1 Trillion Yen In Overseas E&P Investment Over The Next Ten Years, The United States Is Expected To Account For More Than Half