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Valiant Petroleum is to acquire Sagex Petroleum, the Norwegian oil and gas exploration firm with 12 staff, for £7.1m.
Valiant Petroleum is relocating its Woking office to an 18,000 sq ft unit at Victoria Gate.
Valiant Petroleum has raised a further £20m from investors to expand its North Sea-based oil exploration and production business.
Valiant Petroleum has raised £15m in a share placing to fund the expansion of its North Sea oil exploration and production business.