RockRose Energy to Acquire Dyas for €107 Million

London – May 24, 2018 – Cooley advised RockRose Energy on its agreement to acquire Dyas for €107 million.

The acquisition will be funded by existing cash and will add 13 million barrels of oil equivalent net developed reserves and more than 5,000 barrels of oil equivalent per day. There will be a significant working capital adjustment at the completion of the deal.

“On completion, this acquisition grows our North Sea business to a level of production that is over 10,000 BOEPD [barrels of oil equivalent per day] and in addition to providing significant free cash flow diversifies the portfolio and strengthens the company's position,” said Andrew Austin, executive chairman of RockRose, in a news release. 

RockRose is an independent oil and gas production and infrastructure company listed on the main board of the London Stock Exchange. Dyas owns the non-operated Netherlands gas and condensate producing assets of the Dyas group of companies, which is wholly owned by SHV Holdings, a family-owned Dutch multinational. 

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 900+ lawyers across 13 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.