Divestiture • Oil/Gas Exploration

Egdon Resources Acquires Aurora Production

On December 19, 2022, Egdon Resources acquired oil/gas exploration company Aurora Production from Aurora Energy Resources

Acquisition Context
  • This is Egdon Resources’ 3rd transaction in the Oil/Gas Exploration sector.
  • This is Egdon Resources’ 3rd transaction in the United Kingdom.

Explore All 413 Divestiture Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date December 19, 2022
Target Aurora Production
Sector Oil/Gas Exploration
Buyer(s) Egdon Resources
Sellers(s) Aurora Energy Resources
Deal Type Divestiture

Target Company

Aurora Production

London, United Kingdom
Aurora Production is a private company, which holds an 18.75% interest in the Edgon operated licence PL090 which contains the Waddock Cross oil field and an 8.33% interest in the IGas operated licence PEDL070 which contains the Avington oil field.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Egdon Resources

Odiham, United Kingdom

Category Company
Founded 1997
Sector Oil/Gas Exploration
Employees11
Revenue 1M GBP (2021)
DESCRIPTION

Egdon Resources is an oil and gas exploration and production company. Egdon Resources was founded in 1997 and is based in Odiham, the United Kingdom.


Deal Context for Buyer #
Overall 3 of 3
Sector: Oil/Gas Exploration 3 of 3
Type: Divestiture 2 of 2
Country: United Kingdom 3 of 3
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Cirque Energy - Fiskerton Airfield

United Kingdom

Cirque Energy, Inc. - Fiskerton Airfield oil field is located approximately 7 kilometres to the East of the City of Lincoln. The field was discovered in 1997 and cumulative production has totalled around 440,000 barrels of oil from the most likely mapped Oil in Place estimated at 2.2 million barrels. The oil is of good quality (35.2°API) and is exported by road tanker to Immingham, North East Lincolnshire. Egdon estimate that in excess of 100,000 barrels of oil remain recoverable from the existing wells.

Buy -

Seller Profile 1

SELLER

Aurora Energy Resources

Aberdeen, United Kingdom

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Aurora Energy Resources is a UK petroleum exploration and development company based in ?Europe's energy capital Aberdeen. The company holds four Petroleum Exploration and Development Licences (PEDLs) covering ~445 km2 (110,000 acres) in the heart of the Bowland Shale exploration area. Aurora Energy Resources is based in Aberdeen, Scotland.


Deal Context for Seller #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2022 1 of 1