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March 6, 2008
Afren To Take Devon’s Ivory Coast 3,000 BOE/d For $205MM

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London-based Afren Plc (London AIM: AFR) plans to acquire the Ivory Coast interests of Devon Energy Corp., Oklahoma City, (NYSE: DVN) for US$205 million.


The assets include a 47.96% working interest and operatorship of offshore producing Block CI-11, a direct 65% interest and operatorship with rights for an additional 15% interest in the undeveloped offshore Block CI-01, and a 100% interest in the onshore Lion gas plant.


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