ROC Oil and Horizon Energy have agreed to a merger that will create an $800million exploration and production company

ROC Oil and Horizon Energy have agreed to a merger that will create an $800million exploration and production company. The Boards of both companies have unanimously agreed that in the absence of a superior offer the merger is in the best interest of both sets of shareholders. The combined entity will bring together a portfolio of oil and gas assets with a focus in the Asian region. The benefits outlined in the merger release focus on the benefits of scale and diversification. With both companies being revenue generating entities the ability to pay dividends has also been flagged as one of the benefits. An investor presentation on the transaction has been released and is available here: (VIEW LINK)