Bluerock Residential Growth REIT, Inc. (BRG)

[1derrick_2015]

BG Acquires 35% Stake in Block 12, Off Cyprus

BG International has signed an agreement with Noble Energy to acquire 35% interest in Block 12, offshore Cyprus, for a total cash consideration of $165 million.

The block includes the Aphrodite natural gas discovery, which has gross mean natural gas resources of approximately 4 Tcf. Noble Energy will maintain operatorship of Block 12 with a 35% interest...

For more: http://www.1derrick.com/bg-acquires-35-stake-in-block-12-off-cyprus/16993/