Sound Oil Announce Withdrawal of Intended Offer for Antrim Energy Inc.

Sound Oil Announce Withdrawal of Intended Offer for Antrim Energy Inc.

On 24 November 2014 Sound Oil announced its intention to launch a public offer (the “Intended Offer”) for 100% of the share capital of Antrim Energy Inc (“Antrim”).

Sound Oil confirms that following the continued deterioration of the oil price and the resultant reduction in global appetite for deep water exploration, the Company has decided, having re-evaluated Antrim’s assets, not to proceed further with an offer for Antrim at this time.

Source: Sound Oil Plc

Oil and Gas Press

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