MOORE acquires Bluebach Ressources

In February 2010 the company entered into an agreement with the shareholders in Bluebach Ressources SARL (Bluebach) and shareholders in Millennium Geo-Venture SAS (MGV), both French oil and gas exploration companies, to take over shares in the two companies.

On 23 February 2010 the take-over of 100% of Bluebach was completed by settlement of new shares in MOORE. In November 2009 Bluebach had applied for five onshore oil and gas exploration licences in the Alsace region in France. Subsequent to the take-over, the previous Bluebach owners and managers were included as key management in MOORE, a team with extensive experience from the E&P industry from a variety of oil producing countries, including France.