- Advised Shoreline Natural Resources Limited and its shareholders (Shoreline Power Company Limited and Heritage Oil Plc) on the acquisition of a combined 45% participating interest in OML 30 from The Shell Petroleum Development Company Limited, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited.
- Advised Shoreline Natural Resources Limited and its shareholders (Shoreline Power Company Limited and Heritage Oil Plc) in connection with (1) two bridge facilities in a total sum of US$765 Million and (2) a Guarantee Facility in the sum of US$765 Million obtained from J.P. Morgan Chase Bank and Standard Bank to part finance and guarantee Shoreline Natural Resources Limited’s acquisition of a combined 45% participating interest in OML 30 from The Shell Petroleum Development Company Limited, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited.
- Advised Shoreline Natural Resources SPV 1 Limited on its bid to acquire a 45% participating interest in Oil Mining Lease 24 from The Shell Petroleum Development Company Limited, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited.
- Advised Shoreline Natural Resources Limited on a US$600 Million senior secured revolving reserve based lending facility advanced by Standard Bank and its syndicate of co-lenders.
- Advised Shoreline Natural Resources Limited in connection with a $534,000,000 senior secured term loan facility, obtained from Vitol S.A and utilized to – (a) refinance and repay outstanding indebtedness under its senior secured revolving reserve based lending facility; and (b) fund working capital requirements.
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