15/01/2021
Heirs Holdings Significantly Expands Oil and Gas Portfolio
Acquires 45% of OML 17 from Shell, Total and ENI Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent Estimated Additional 1 billion barrels of oil equivalent of further exploration potential Heirs Holdings (ldquo;HHrdquo;) (www.HeirsHoldings.com), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (ldquo;Transcorprdquo;) (https://TranscorpNigeria.com), Nigeriarsquo;s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets,...
