Completion of acquisition of Edison E&P

Energean has completed the acquisition of Edison E&P. This is a  transformational deal for Energean providing immediate and material increases in cash flow and access to future growth opportunities, creating one of the largest E&P companies listed on the London Stock Exchange.

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-The gross consideration* for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired) is $203 million.


-The deal diversifies Energean into 9 countries of operation and provides a range of organic growth opportunities


- Following completion of the deal and the acquisition of Kerogen's stake in Energean Israel, the group's 2P reserves and 2C resources reach 1,069 mmboe, 74% of which is gas


-The enlarged group has a clear path to get us to production of 200,000 boepd once Karish is on stream and cements our position as the largest independent E&P listed in London


Download announcement of completion

Download Second Supplementary Prospectus

Download Supplementary Prospectus

Download full announcement

Download Transaction Factsheet

Download General Meeting Roadshow Presentation