Including the DBO assets into our estimates
Previously this year, Maha Energy announced that it had completed the merger with DBO 2.0 and assumed the 15% ownership in 3R offshore, a JV with 3R Petroleum. This gave Maha interests in the producing Papa Terra and Peroà clusters, both located offshore Brazil. After also concluding the sale of its onshore assets in Brazil, Maha exited these transactions as a reborn company with a new asset base and stronger financial position. In this report, we include the new assets into our estimates and update our valuation accordingly.
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