Karoon以2050萬美元收購PEPC4處Santos Basin區域35%股份

Karoon Gas Australia Ltd. announced Wednesday that it has entered into a binding Sales and Purchase Agreement for Pacific Exploration and Production Corp.’s (PEPC) 35 percent interest in their jointly held Santos Basin exploration blocks S-M-1037, S-M-1101, S-M-1102, S-M-1165 and S-M-1166 off Brazil for as much as $20.5 million.The firm will make an upfront cash payment of $15.5 million on completion of the deal and a $5.5 million deferred contingent payment upon first production reaching a minimum of 1 million barrels of oil equivalents from the blocks.”The acquisition of PEPC’s interest in the Blocks maps a clear path forward for Karoon to introduce a new funding partner to progress the Echidna discovery appraisal drilling campaign,” Karoon’s Managing Director Robert Hosking said in the press release.