Perth, 4 August 2014: Clayton Utz is advising ASX-listed Nido Petroleum Limited (Nido) in connection with the A$120 million recommended off market conditional cash offer by BCP Energy International Pte. Ltd (BCPE), a wholly owned subsidiary of The Bangchak Petroleum Pubic Company Limited, a company listed on the Stock Exchange of Thailand.
The offer follows BCPE's agreement to acquire a relevant interest in Nido of approximately 19.66 per cent from Petroleum International Investment Corporation, a major shareholder of Nido.
Clayton Utz Perth Corporate partner Mark Paganin and senior associate James Clyne led the Clayton Utz team.
Nido is a South East Asian focused oil and gas exploration and production company whose primary focus is in the North West Palawan Basin in the Philippines and the Penyu and West Natuna basins in Indonesia.