Amadeusz Juskowiak

Bryson pays 54 mln dlrs for cenergy corp stake

Bryson Oil and Gas Plc said it paid a cash consideration of around 54 mln dlrs for about 86 pct of Cenergy Corp a US Oil and gas exploration and production company

Bryson said its board has been considering a number of possible investments to expand the companys interests and believes the opportunity to acquire an investment in Cenergy provides a suitable extension to its existing US Interests

Cenergy reported a net loss of 727 mln dlrs in the nine months to September 30 1986 while total stockholders equity on the same date was 4072 mln dlrs