Stock
in
the
newly-combined
outfit
was
trading
near
unchanged
at
£0.07
on
London’s
Alternative
Investments
Market
on
Thursday
morning.
Melrose
Resources
has
been
delisted
from
the
same
exchange
after
its
scheme
of
reduction
in
capital
was
confirmed
yesterday,
clearing
the
final
hurdle
for
the
$270
million
tie-up
to
be
completed.
The
friendly
deal
creates
an
enlarged
group
with
combined
proven
and
probable
reserves
of
84
million
barrels
of
oil
equivalent
(boe),
2C
resources
of
357
million
boe
and
unrisked
prospective
resources
of
1.365
billion
boe.
The
assets
are
spread
across
North
Africa,
the…
