Pacific Energy Development Signs Acquisition Agreement With Dome Energy AB

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Go back to Pacific Energy Development Signs Acquisition Agreement With Dome Energy AB

Pedevco Corp. (PED) to Acquire Oil, Gas Assets of Dome Energy AB

May 27, 2015 6:25 AM EDT

Pedevco Corp. (NYSE: PED) announced the entry into an Agreement and Plan of Reorganization with Dome Energy AB whereby the Company will acquire all the US oil and gas assets of Dome.

This transformational business combination with Dome Energy is expected to:

Pay off existing senior debt of the CompanyLower cost of capital with a 3.75% bank credit facilityProvide drilling capitalProvide additional capital to buy back Company... More