SIGNUM Advises Reach Energy Berhad With Respect to Its Indirect Acquisition of 60% of Oil and Gas Assets in Southwest Kazakhstan.

Reach Energy Berhad is an oil and gas company listed on BURSA, the Malaysia Stock Exchange. The acquisition of 60% of oil and gas assets in southwest Kazakhstan, including four existing oil and gas producing fields as well as one exploration area, for the total purchase consideration of US$154,900,000, subject to adjustments, will be the first oil and gas asset to be owned by Reach Energy.

SIGNUM has been acting as Kazakhstan Legal Counsel, assisting with Kazakhstan law matters, including carrying out a full-fledged legal due diligence exercise, reviewing the transaction documentation and providing other M&A legal support. The share sale and purchase agreement was signed on 5 March and the transaction is expected to complete later this year.