Zeta Petroleum PLC (ASX:ZTA) acquired Celtique Energie SRL from Celtique Energie Petroleum Limited on July 19, 2013. Zeta Petroleum will pay a minimal upfront consideration and deferred consideration based on cumulative oil production targets. The maximum deferred consideration payable by Zeta is $2.8 million in the event that cumulative oil production from the field reaches 0.24 million barrels of oil, representing a maximum acquisition cost to Zeta of $11.67 per barrel of oil. Olly Cairns of Pursuit Capital Pty Ltd acted as financial advisor and Lottie Brocklehurst and Frank Buhagiar of St Brides Media & Finance Ltd acted as public relation advisors for Zeta Petroleum PLC.

Zeta Petroleum PLC (ASX:ZTA) cancelled the acquisition of Celtique Energie SRL from Celtique Energie Petroleum Limited on June 10, 2014.