Mayan Energy Limited (AIM:MYN) agreed to acquire Attis Oil & Gas Limited for £1.5 million on April 30, 2019. The consideration consists of the issue of 952.19 million new ordinary shares. Following the acquisition, it is proposed that Mayan Energy will change its name to Attis Oil and Gas Limited. For the year ended December 31, 2018, Attis made a loss before tax of $0.04 million (£0.03 million) on turnover of $0.05 million (£0.04 million) and had net assets of $0.19 million (£0.15 million). Thom Board, Chief Executive Officer of Attis, will join the board of Mayan as Executive Director and will be appointed the Chief Operating Officer and Chief Executive Officer of US operations and Russell Lamming, Chief Executive Officer of AIM-traded Keras Resources PLC, will be appointed as a non-executive Director. Both appointments are subject to Nomad due diligence checks and approval which have commenced. JD McGraw, a Non-Executive Director, will retire from the Mayan board. The acquisition is conditional on completion of the placing of shares. The consideration shares will be issued and allotted with admission expected at the same time as the placing of shares which is May 9, 2019.