Oil and gas company Ophir Energy has announced that at the general meeting held today, a majority of shareholders supported the previously announced all-share transaction by which Ophir will take over Salamander Energy.
According to Ophir 78.92% voted in favor of the transaction, while 21.08% voted against.
Ophir has said that despite the falling oil prices the deal still makes “full strategic sense and will create value for shareholders.”
“The company will continue our ongoing consultation with shareholders as we integrate the businesses and start to create value from our African and expanded South East Asian businesses,” Ophir said in a statement.
Salamander Energy, is an Asia-focused independent exploration & production company with a number of licences spread throughout Indonesia and Thailand.
Offshore Energy Toady Staff