Dana Gas set to sell its onshore Egyptian producing oil and gas assets to IPR Wastani Petroleum

EGYPT – Dana Gas, a publicly traded natural gas company, has announced that it has entered into a binding agreement with IPR Wastani Petroleum, a member of the IPR Energy Group (IPR), for the sale of its onshore Egyptian producing oil and gas assets for a consideration of up to US$236 million including contingent payments. IPR is a leading private E&P operator in Egypt, with 9 active concessions, and over 3 decades of expertise in enhancing the recovery of mature producing oil and gas fields. This transaction is the result…

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