Dutch Minnow Oranje-Nassau Sets Out on Acquisition Trail

摘要

Upstream player Oranje-Nassau Energie (ONE) completed its C$102 million (US$106 million) acquisition of Cirrus Energy last week, at a stroke transforming itself from a nonoperating, producing-assetsonly investor into an asset operator - something ONE Chief Executive Alexander Berger tells International Oil Daily is a "critical change." The deal also brings the firm, which is based in the Netherlands, exploration and development exposure alongside existing production.