French independent oil company Etablissement Maurel Et Prom SA (MAU.FR) said Wednesday that it has signed a purchase option with Artumas (AGI.OS), in partnership with Cove Energy plc (COV.LN) as regards as some Artumas's assets in Tanzania and in Mozambique.

MAIN FACTS:

- Partnership is 70% Maurel & Prom, 30% Cove Energy

- The purchase option concerns the following participations:

- 51% participating interest in petroleum operations and 63.75% interest in exploration operations in Mnazi Bay permit in Tanzania (Artumas actual interest: 80%, operator)

- 34% participating interest in an onshore in Rovuma permit in Mozambique (Artumas actual interest: 49.3%, Anardako operator)

- 8.5% participating interest in an offshore in Mozambique (Artumas actual interest: 8.5%, Anardako operator)

Company Web site: www.maureletprom.fr

-By Paris Bureau, Dow Jones Newswires; +331-4017-1740; alice.dore@gmail.com