Ann: Part sale of PNG assets for US$60 million , page-12

re: Ann: Part sale of PNG assets for US$60 mi... Correction of error in above post. sells 50% of PRL 4:

Courtesy of Poster "Mosiac?" on other site, the two tranactions are noy the same:

Before either transaction:

HZN interest:

PRL5 49.65%
....................bcf...........mmb
....................408...........26.1
HZN Share...........202.5.........12.96

PRL4 100%
...................283.............8.9

Total HZN .........485.............35.0

First Tranaction sells 50% of each for US$55M
....................242.5...........17.5

Second Tranaction sells 50% of PRL4 only for US$60M
....................142.5.............4.5

Major difference between transactions is that HZN retains 50% of PRL 5 instead of 24.82% of PRL 5.

Regards

SP