Announcement out this morning re land purchase
Highlights
• Land Purchase Agreement finalised to acquire property for Prabu 1 drill-site
• Agreement and transfer of land approved and confirmed by the Indonesian Oil and Gas Regulator SKKMigas
• Agreement secures Quest’s rights to the property
Quest has received formal confirmation from the Indonesian oil and gas regulator SKKMigas that the land transfer has
occurred.
Importantly, Quest has successfully negotiated to purchase the land outright rather than entering into a land access or
use agreement. Title is held in the name of SKKMigas, as required under Indonesian law. The agreement enables Quest
to use the land for multiple purposes including seismic surveys, exploration wells, development wells and production
infrastructure
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- land pruchase finalised for prabu - 1
land pruchase finalised for prabu - 1
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