LAB Recently Announced/Completed Transactions
LAB Energy has broad international M&A and A&D experience in transactions including corporate sales/mergers, production divestments, development sales and exploration farm-outs as well as buyside advisory support. Below are some examples of recently announced transactions.
LAB Energy acted as sell-side advisor to Africa-focussed Chariot Energy, for the farm out of their Lixus and Rissana interests. The deal is comprised of cash on completion, a carry on appraisal activity and a further cash bonus at FID. At FID Energean can exercise an option to acquire an additional 10% in Lixus in return for a (recoverable) carry on future development capex, a cash or equity bonus and a gas royalty payment.
LAB Energy acted as sell-side advisor to ADX Energy Ltd, an ASX listed European focused oil and gas production and exploration company with assets in Austria, Romania, and Italy. ADX signed a farm out agreement with MND Energy to partially fund the drilling of the Anshof prospect.
LAB Energy acted as sell-side advisor to Hartshead Resources for the farm out of UKCS licence P2607 to Rockrose Energy (part of the Viaro Energy Group). The multi-phase development project targets material gas resources proximal to existing infrastructure. The AUD $196MM deal is comprised of past costs, promote and milestone bonus payments.
LAB Energy acted as sell-side advisor to ASX listed ADX Energy Ltd. Kepis and Pobe, a leading Canadian energy finance and development group, has, via MCF Energy, farmed in to the Welchau exploration area onshore Austria, committing to fund 50% of well costs to earn a 20% participating interest.
LAB Energy assisted Cool Planet Technologies (CPT) in its €3 million series A capital raise resulting in investment from Eni Next, Audacy Ventures and Neva SGR. Capital raised will be used to progress the demonstration plant of CPT’s PolyActive™ membrane-based carbon capture technology at Holcim’s Höver cement works, near Hannover in Germany
LAB Energy acted as sell-side advisor to ADX Energy Ltd in its farm out to ASX listed Xstate Resources. Xstate will fund 40% of the Anshof exploration well to earn a 20% equity interest in the Anshof Prospect Area.
