Phoenix Global Resources (the “Company”) is an independent oil and gas exploration and production company focused on Argentina and listed on both the London Stock Exchange and the Buenos Aires Stock Exchange, which, throughout its wholly owned subsidiary Petrolera El Trebol SA, has entered into an agreement with Echo Energy plc to sell its 70 % non-operated working interest in 5 exploitation concessions located in the province of Santa Cruz, southern Argentina, subject to customary conditions.
This transaction represents the sale of a non-core asset, in line with the Company’s strategy to restructure its portfolio, focusing Phoenix’s resources on the development of its significant unconventional oil and gas production.
Counsel to Phoenix Global Resources
In-house Counsel: Alex Maculus
Argentina: Pérez Alati, Grondona, Benites & Arntsen:
Partners Alan Arntsen, Francisco Javier Romano and Guillermo Quiñoa, and associates Ignacio Payarola and Diego Álvarez Rivera.
England and Wales: Orrick
Of Counsel: Joanna Kay
Read article published in Abogados.com.ar