NEWS ARCHIVE

Grand Gulf to ditch oil assets

MINNOW Grand Gulf Energy will ask shareholders for approval to demerge most of its US assets into a new unlisted public company, leaving it as a cashed up shell for a new business opportunity.

The company aims to undertake an in-specie distribution of shares in Louisiana Oil to its existing shareholders as a return of capital, It expects that the spin-off will result in regular cash payments...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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