October 27, 2014 / 8:18 AM / 3 years ago

BRIEF-Ophir Energy to acquire interests in seven deepwater PSCs in Indonesia

1 Min Read

Oct 27 (Reuters) - Ophir Energy Plc

* Acquisition of Indonesian exploration licences

* Pleased to announce it has entered into an agreement with Niko Resources ("niko") to acquire interests in seven deepwater Production Sharing Contracts ("PSCs") in Indonesia

* Cash consideration of US$31.3million with further payments contingent on exploration success

* Transaction brings access to large acreage positions in highly prospective basins and expands Ophir's footprint in South East Asia

* Transaction will increase company's total gross licensed acreage by 40%

* Look forward to delivering a number of high impact wells from this new asian portfolio as well from our existing african assets in coming years

* Total further consideration payable on success is capped at US$56million Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below