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CMS DSB advises Island Oil & Gas Plc.

06/06/2008

CMS Derks Star Busmann has advised Irish listed company Island Oil & Gas Plc. on the sale of its Dutch wholly owned subsidiary, Island Netherlands B.V., to Delta Hydrocarbons B.V. for a total consideration of US$ 35,000,000 (representing the US$ 25,000,000 purchase price and a US$ 10,000,000 advance against the 2.5% Overriding Royalty Interest payable to Island on the commencement of production from the Amstel oil field).

The corporate team advising on this transaction consisted,amongst others, of Martika Jonk and Niko Christopoulos.

Related people

Martika-Jonk-CMS-NL
Martika Jonk
Advocaat | Senior Counsel
Amsterdam