OSH oil search limited
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Sept 12 (Reuters) - Oil Search Ltd (OSH) : Acquisition of...

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    12/09/16
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    Post #: 19102374

    Sept 12 (Reuters) - Oil Search Ltd (OSH) :

    • Acquisition of interests in offshore Papuan Gulf lice
    • Entered into agreements with Gini Energy Ltd, to acquire a 40% interest

      in each of PPL 374 and PPL 375

    • Exxon Mobil will also acquire a 40% interest in each licence while Gini will

      retain a 20% interest in each licence

    • Says "subject to conditions precedent, operatorship of both licences will

      transfer from gini to Exxon Mobil"

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