By Iris Dorbian
Kerogen Capital has agreed to invest $50 million in Energean Israel, an Energean subsidiary and operator of the Karish and Tanin gas fields in offshore Israel. After the closing of the deal, which will need to be approved by the Israeli government, Kerogen will own a 50 percent stake in Energean Israel.
PRESS RELEASE - ENERGEAN OIL & GAS
ATHENS, Greece–(BUSINESS WIRE)–Energean Oil & Gas (“Energean”) is pleased to announce that Kerogen Capital (“Kerogen”) has committed to invest an initial US$50 million in Energean Israel, a subsidiary of Energean, ahead of the planned $1.3 billion development of the Karish and Tanin gas fields, offshore Israel.
