Brief: Standard Exploration Ltd Announces New Management Team And Gulf Coast States Strategic Acquisition

Spartan Delta

13/11/2018 13:24

Nov 13 (Reuters) - Standard Exploration Ltd  SDE.V :
    * STANDARD EXPLORATION LTD. ANNOUNCES RECAPITALIZATION
FINANCING,
NEW MANAGEMENT TEAM AND BOARD OF DIRECTORS AND GULF COAST STATES
STRATEGIC ACQUISITION
    * STANDARD EXPLORATION - ENTERED INTO A DEFINITIVE
REORGANIZATION
AND INVESTMENT AGREEMENT WITH IAN ATKINSON, CALVIN YAU, CHRIS
BIRCHARD AND GARY MCMURREN
    * STANDARD EXPLORATION -  ALSO ENTERED INTO AGREEMENT TO
ACQUIRE
ALL OF LTD PARTNERSHIP UNITS OF GULF PINE ENERGY PARTNERS, LP
FOR USD$24.4 MILLION
    * STANDARD EXPLORATION - NEW MANAGEMENT TEAM WILL BE LED BY
IAN
ATKINSON AS PRESIDENT AND CEO
    * STANDARD EXPLORATION - CALVIN YAU WILL BE VICE PRESIDENT,
FINANCE AND CHIEF FINANCIAL OFFICER

Source text for Eikon:  ID:nCNWxl3PVa 
Further company coverage:  SDE.V 

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