RockHopper Buys Egypt’s Beach Petroleum for $11.9m
Wednesday, 17th August 2016
UK’s RockHopper Exploration bought Beach Petroleum (Egypt) Pty Limited for $11.9m. The acquisition was funded by the company's existing cash resources with Beach Petroleum retaining the majority of of the Egyptian General Petroleum Corporation (EGPC) receivables balance of $10.1.
Egyptian Oil Flows from EPT in Excess of 2,500 Barrels Per Day
Sunday, 5th August 2012
Extended production tests of the successful exploration wells in Abu Sennan, Egypt, commenced last week. The tests will continue for 6 months and to date have yielded a combined flow rate of up to 2,524 barrels of oil per day, with associated gas.