PMG remains in BRAZIL with its new CompanyPMG was acquired by PRE but a new company will be formed by PMG's BRAZILIAN assets.
PRE is buying PMG, excluding the BRAZILIAN assets.
PMG is already TID's customer. By keeping the BRAZILIAN assets, all the CapEx will be spent there in Reconcavo onshore Basin!
"the total value of the deal, including net debt, is about C$1.6 billion, Petrominerales said in a statement. Petrominerales holders will also receive one share in ExploreCo, which is being formed with the company’s Brazilian assets and C$100 million in cash."