HDR hardman resources limited

bg group completes mauritania holdings buy >brg

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    Wednesday March 31, 4:57 PM
    BG Group Completes Mauritania Holdings Buy >BRG
    Edited Press Release

    LONDON (Dow Jones)--BG Group plc said Wednesday that it has completed the purchase of Mauritania Holdings BV from Hardman Resources Limited for an aggregate cash consideration of $132 million, plus up to a further $5.1 million which is contingent on the attainment of certain exploration and production milestones.

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    Through this acquisition BG Group has obtained a 13.084% interest in the PSC covering area A and an 11.630% interest in the PSC covering area B offshore Mauritania, West Africa.

    The announcement that BG Group had agreed the purchase was made in February 2004.
 
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