ST. HELIER, JERSEY, 25th OCTOBER 2013
FlowStream Commodities Ltd (“FlowStream”) is pleased to announce that it has completed, through a wholly owned subsidiary, the acquisition of net profit interests representing, in aggregate, 3.5% over a currently producing offshore oil concession in Southeast Asia.
Key highlights of the net profit interests include:
Jan Laubjerg, Chief Executive Officer of FlowStream, commented:
“We are delighted to be announcing FlowStream’s first acquisition. We have followed this particular asset’s history over the past few years and admired the value creation that the operator has delivered in the basin both from a development perspective as well as from the exploration success that has been achieved and commercialized.
Reflecting FlowStream’s commitment to developing the best possible relationships with oil & gas interest holders, FlowStream has agreed to refrain from identifying the specific concession at this time.
|FlowStream Commodities||Jan Laubjerg
|+41 41 763 56 52|
Notes to Editors
FlowStream Commodities is a streaming and royalty company focused on the oil & gas sector. FlowStream provides upfront capital for oil & gas companies and in return receives an oil and/or gas stream on a specific license, lease or field. FlowStream also acquires existing royalties in the oil & gas sector. FlowStream is effectively a non-operating oil & gas company that does not need to fund capex or opex obligations. FlowStream, with the support of its shareholders, which include KKR, Global Gate Capital and Anglo Pacific Group, intends to grow and diversify its portfolio of streams and royalties by sourcing primarily development and producing assets on a worldwide basis. For more information, please visit flowstreamcommodities.com