May 24, 2018 / 6:56 AM / 3 months ago

Britain's RockRose to buy Netherland-based Dyas for 107 mln euros

May 24 (Reuters) - Britian’s RockRose Energy on Thursday said it agreed to buy Netherland-based privately held oil and gas explorer Dyas BV, for 107 million euro ($125.3 million) in cash.

The acquisition of the owner of non-operated Netherlands gas and condensate producing assets will add a further 13 Million barrels of oil equivalent net developed reserves and over 5,000 barrels of oil equivalent per day of production, RockRose said.

There will be a significant working capital adjustment at completion, the London-listed RockRose added.

$1 = 0.8542 euros Reporting by Rahul B in Bengaluru; Editing by Vyas Mohan

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