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Maersk Oil is aiming to grow by exploration and is looking for highly motivated seismic interpreters to participate in regional studies and identify and evaluate high value plays and prospects in focus areas.
For this position you will be in direct contact with all of Gaz de France subsidiaries in France and abroad. Our group offers many personal development opportunities in the short and mid-term. Your English is fluent.
Innovative and dedicated people who believe that nothing is impossible have solved tomorrow’s challenges for over 150 years. Are you ready to roll up your sleeves?
AIM-listed Sound Oil is to acquire unlisted Mauritian player Mitra Energia, which has upstream assets in Indonesia, in a reverse takeover based on an all-shares consideration.
Sound will issue 223,376,623 new ordinary shares, which values Mitra at about £16.2 million ($29.5 million) at the placing price. The company has raised £11.7 million before expenses in a conditional placing of new ordinary shares.
The market capitalisation of the combined group will be about £50 million.
In Indonesia, Mitra holds a 34% interest in the Bangkanai block onshore central Kalimantan and a 20% stake in the Citarum block onshore central Java.
Sound chief executive Gerry Orbell said: "This is a very good deal for Sound. Within a few months we will have started drilling the first of four high-impact exploration wells on our licences in Java and Kalimantan. In addition we shall be developing the Kerendan gas field in Kalimantan which we expect to give us a 20-year cash flow starting 2008".
The transaction is subject to the approval of Sound's shareholders at an extraordinary general meeting to be held on 12 July.