Dana Gas PJSC, Sharja, United Arab Emirates, (Abu Dhabi: DANA) has closed its acquisition of Centurion Energy International Inc., Calgary, (Toronto: CUX) for C$12 per share plus C$99 million in assumed debt for a total value of approximately C$1.25 billion (US$1.1 billion). Centurion Energy has assets in Egypt, Tunisia and offshore West Africa in the Sao Tome/Nigeria joint development zone, totaling 5.7 million gross acres (4.8 million net). Production is approximately 32,000 barrels of oil equivalent per day from the El Wastani, South Manzala and West Gharib fields. Proved-plus-probable reserves are approximately 100 million barrels equivalent.
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