Renaissance Transaction
Acquisition of primarily operated assets provides a regulatory approved platform for bolt-on acquisitions.
Gulf of America
1947 Oil & Gas plc’s initial acquisition is a proven, regulated and licensed Houston-based operator with a strong track record in offshore oil and gas production. The business operates 11 producing fields, comprising 23 offshore platforms and 88 operated wells. Production is expected to have a high-quality premium Louisiana Light Sweet (LLS) oil production profile. The company also benefits from a consistent production and abandonment (P&A) track record that qualifies it for exemption from federal bonding requirements. Supported by company-owned infrastructure, the platform provides significant opportunities for low-risk development alongside high-impact exploration prospects, creating a scalable foundation for future growth.
Independent NSAI reserves reports have certified total 1P net reserves of 15.0 MMboe and 2P net reserves of 19.7 MMboe, with a 2P PV10 value of approximately US$346 million (before U.S federal income taxes and after deducting estimated abandonment costs).
Low Risk Redevelopment Opportunities
Targeted redevelopment of existing infrastructure provides a low-risk pathway to production growth and reserve expansion
Renaissance - Portfolio & Deal Assets
Oil and gas production company led by an experienced team with a proven track record in the natural resources sector.
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1947 Oil & Gas Plc