Japan Petroleum Exploration Co., Ltd.
Notice of Completion of Acquisition of All Interests in Fundare
Completed acquisition of all interests in Fundare Resources. The acquisition price is 278 million USD, with part of the funds raised via an RBL. The company plans to utilize assets adjacent to the Verdad asset to promote production and development, achieve unit cost reductions through scale, accumulate operator experience, and pursue new opportunities.
Key Figures
- Acquisition price: 278 million USD (including unknown timing)
- RBL financing amount: approx. 220 million USD
- Local completion date: 2026-10-01
AI要約
Acquisition Overview
Japan Petroleum Exploration Co., Ltd. announced the completion of the acquisition of all interests in Fundare. The acquisition price is 278 million USD; approximately 220 million USD of the funds were raised through Reserve Based Lending, and the remainder was funded with equity through Peoria Resources, LLC. The acquisition was completed on October 1, 2026 local time. The company intends to utilize Fundare's assets, which hold leases adjacent to the Verdad asset, to enable efficient development and achieve unit cost reductions through scale.
Future Policy and Impact
The Company and Peoria will focus on production and development of the Verdad asset and Fundare's assets with the aim of generating early revenue. They will accumulate operational expertise as an operator and continue to explore new business opportunities.
Japan Petroleum Exploration Co., Ltd.
Company overview · Stock price · Financial data · All IR
