Scandoil  

3D Oil Limited sells interest in West Seahorse oil field


Published Aug 19, 2014
3D Oil Ltd.

3D Oil Limited says that, pursuant to the VIC/L31 Option Deed dated 4 July 2014, Carnarvon Hibiscus Pty Ltd ('CHPL') has exercised the VIC/L31 Option to acquire the VIC/L31Remaining Interest from 3D Oil Limited for a consideration of USD14.05 million.

The payment of the VIC/L31 Option Consideration and the completion of the acquisition of the VIC/L3 Remaining Interest (together with the completion of VIC/L31 Sale Interest pursuant to the VIC/L31 SPA) will be effected subsequent to the relevant approvals being obtained from NOPTA.

Upon completion of the transfer, TDO will have no remaining interest and no further obligations to VIC/L31, which contains the West Seahorse oil field, and CHPL will hold 100% interest.

Tags: 3D Oil Ltd.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml