Oil Search completes acquisition of Pac LNG’s interest in PRL 15

Offshore staff

SYDNEY, AustraliaOil Search has completed its announced acquisition of the relevant Pac LNG Group holding a 22.835% gross interest in petroleum retention license 15 (PRL 15), containing the Elk/Antelope gas discoveries in Papua New Guinea.

The purchase was funded by a placement of 149.39 million fully paid ordinary shares to the Independent State of Papua New Guinea, which was completed March 12.

03/13/2014

 

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