Repsol Exploracion Irlanda, S.A. will farm in to Frontier Exploration Licence 3/04 (Dunquin) by acquiring a 25% equity interest (12.5% from ExxonMobil Exploration and Production Ireland (Offshore) Limited (ExxonMobil) and 12.5% from Eni Ireland B.V. (Eni)).
Following completion of this transaction, which is subject to regulatory approval, the respective equity interests in the Dunquin licence will be as follows: ExxonMobil (Operator) 27.5%; Eni 27.5%; Repsol 25%; Providence 16% and Sosina 4%.
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