PKF Malta is promoting Malta as a future hub for oil and gas industry having a string of international conferences in the bag and a series of new initiatives in the pipeline. PKF has garnered among its accolades the co-hosting of conferences in London with OilBarrel.com in December 2012 and October 2013¸ Master Investor in April 2013¸ and various contacst in Aberdeen Scotland in November 2013.
Drilling from fossil fuel in offshore water is a hot topic. It is important to mention agreement reached by Rockhopper Exploration (LON:RKH) and Mediterranean Oil & Gas (LON:MOG)¸ wherein Rockhopper will acquire the entire issued and to be issued ordinary share capital of Mediterranean Oil & Gas or MOG¸ valued at about 29.3 million pounds. Pierre Jungels¸ Chairman of Rockhopper¸ noted: “This transaction represents an important milestone for the company as we add production to our portfolio and broaden our exploration and development opportunity set¸ by establishing ourselves in an area our team understands well. While the acquisition cost and capital exposure are modest in relation to our balance sheet¸ the upside potential is significant and we believe that the new acreage will create an attractive entry platform to one of the most exciting regions in the industry at this time.”
With recent developments on the local scene¸ it is encouraging to read that Mr George Mangion PKF Partner will be delivering speech during two-day Oil and Gas Investor Summit Exhibition Conference. The Summit is taking place at the Marriott Hotel Regents Park on June 17-18th in London and is a prefect spot to promote Malta on the international stage. It boasts a speaker line-up that represents over $ 2.5 Billion capital under management¸ including senior fund representatives from JP Morgan Asset Management¸ Barclays Natural Resource Investments¸ First Reserve UK and Aston Hill Financial¸ to name but a few.