The news comes after the company announced a strategic review in late July, which it said could result in a merger, the sale of the business, a farm-down, or a disposal of its assets.
The review came just a month after
AGR Energy is a vehicle owned by the Kazakhstani Assaubayev family, which has been actively involved in running various businesses linked to the development of the country in recent years, with long-term investments in both natural resources and mining operations.
The company said it will also be in a strengthened position to attract financial or industry partners to help finish its NUR-1 well and to secure an extension of the exploration period of its Blocks A&E Licence in western
It added that it will also be able to consider investment in other projects in
The company said the previously announced strategic review will continue despite the deal.
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