ACON Announces Acquisition of Chroma Oil & Gas, L.P.HOUSTON -- ACON ACON AIDS Council of NSW ACON Asian Community Online Network ACON Application Control ACON All Class in One Network ACON Antenna Controller Investments, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced the acquisition of Chroma Short for "chrominance." The attributes of a color, which include its hue (frequency) and saturation (amount of black). See hue and saturation. Oil & Gas, L.P. ("Chroma"), a privately held exploration and production company based in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . ACON provided the majority equity investment required to complete the purchase of significant additional onshore oil and gas assets in South and East Texas and in South Louisiana from an undisclosed private company. Chroma's combined operations For the department of the British War Office during World War II, see . In the military, combined operations are operations conducted by forces of two or more allied nations acting together for the accomplishment of a single mission. See also
"With ACON's investment, we at Chroma are excited about acquiring such high quality assets. It's a rare opportunity which provides a strong combination of solid production and significant existing cash flow, as well as tremendous upside opportunities," said Steven Mikel, Chroma's President and Chief Executive Officer. "Our familiarity with the operating region, along with the team of highly skilled professionals that we have assembled, makes this acquisition an ideal fit for Chroma. We are also pleased to have ACON as our partner. Their experience in the sector and region will benefit Chroma as we continue to develop our asset base." "We are extremely pleased to be backing Chroma as the acquired assets fit well with the team's strategy and experience. We believe the company has attractive growth prospects," said Jonathan Ginns, Managing Partner of ACON. To facilitate the acquisition, Chroma's senior credit facility was arranged by BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. . About Chroma Oil & Gas, L.P. Chroma is engaged in the acquisition, exploitation and exploration of oil and gas located in the on- and offshore Gulf Coast trends of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. and Texas. Chroma has a unique technological advantage--its highly proficient geoscientists utilize cutting edge pattern recognition and visualization in the analysis and interpretation of 3-D seismic. For more information on the Company please visit: www.chromaexpl.com About ACON Investments ACON Investments is a Washington, D.C. based private equity firm with offices in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Houston and Madrid. Founded in 1996, ACON manages private equity funds and special purpose investment partnerships with investments in the United States, Europe and Latin America, and has managed approximately $1.5 billion of capital. ACON has been a longtime energy investor executing recent investments in power infrastructure, energy services as well as upstream, and midstream oil and gas. |
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