Mitsubishi acquires 50% Kangean Block, confirmed
PT Energi Mega Persada Tbk confirmed the signing of head of agreement (HOA) with Mitsubishi Corp & Japex Petroleum for the divestment of 50% shares in Kangean Block for USD360 million. Mitsubishi & Japex will own 25% working interests respectively in the block. The company didn't disclose terms and conditions of the HOA, except that it expect the definitive agreement to be signed this month.
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Labels: Energi Mega Persada
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posted by yosef at 8:00 PM
1 Comments:
I bet they still can't get a controlling interest even after they payroll 50% of the project.
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