Vista Oil & Gas Completes Jaguar Asset Acquisition In Mexico

Instant Max AI

(Vista Oil & Gas, 30.Oct.2018) — Vista Oil & Gas, S.A.B. de C.V. announced that, after having obtained the approval of Mexico’s National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos de México) and having executed the corresponding license agreements, has completed the acquisition of 50% interest of three contracts in which Jaguar Exploración y Producción de Hidrocarburos S.A.P.I. de C.V. entered under license modality in Rounds 2.2 and 2.3:

– CS-01 and B-10 to be operated by Vista

– TM-01 to be operated by Jaguar

The purchase price was $27,495,000, and Vista shall carry out an additional payment of $S10,000,000 as non-refundable carry (and other contingent payments based on oil price and future performance of the asses).

The sum of these amounts represents 3.41% of the total consolidated assets and 11.22% of the total consolidated sales shown in Vista’s unaudited combined condensed pro forma statement of financial position as of September 30, 2017 and the unaudited combined condensed pro forma income statements for the nine months period ended on September 30, 2017, respectively.

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