(EnergyAsia, April 1, Tuesday) —New Zealand’s Austral Pacific Energy Ltd said it has agreed to sell to Horizon Energy its 28.92% interest in Papua New Guinea petroleum retention licence 4 and 10.7% interest in licence 5.The offers are subject to the pre-emptive rights in the relevant joint venture agreement, which give the existing joint venture…
PAPUA NEW GUINEA: Austral Pacific Energy to sell off assets and reduce debt
Posted on March 31, 2008 by EnergyAsia