Maha Energy: Asset in Venezuela provides optionality - Penser

Acquisition in Venezuela provides optionality With the acquisition of 24% of PetroUrdaneta in Venezuela for EUR 9m (if the transaction is completed), Maha has created considerable optionality. Venezuela has the highest share of oil reserves in the world, but and production there has suffered significantly owing to the pandemic and sanctions. Due diligence for the acquisition is ongoing and details regarding potential production levels etc. are scarce at present, but we believe there should be considerable potential upside.

Länk till analysen i sin helhet: https://docs.penser.se/research/5067-C/maha20231120.pdf

Länk till analysen i sin helhet: https://mfn.se/a/penser-access/asset-in-venezuela-provides-optionality-maha-energy