Heritage readies $370m cap raise for transformational Nigerian M&A
Heritage Oil, the UK listed oil explorer, will raise up to $370m from shareholders later this year to part-fund an $850m transformational deal to buy a stake in one of Shell’s Nigerian blocks. The move will increase its production from a few hundred to over 11,000 barrels a day.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts