Caribbean small caps combine
BPC consolidates its expansion into Latin America with takeover of Trinidad producer Columbus Energy Resources
Caribbean-focused explorer Bahamas Petroleum (BPC) has told investors it will merge with regional peer Columbus Energy Resources, just days after expanding its portfolio into Latin America. The £25.1mn ($31.8mn) deal will transform BPC into a full-cycle exploration and production company with additional onshore acreage and production in Suriname and Trinidad. “The combination of Columbus and BPC will create a Caribbean and Atlantic margin-focused oil and gas ‘champion’, with assets that range across the full spectrum of oil and gas activities, from exploration, appraisal and development to production,” says BPC. The firm expects to finalise the deal before the end of August. Making sense Th
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