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Update to Kairiki farm-out process in SC 54, Philippines

Source: www.gulfoilandgas.com 4/15/2009, Location: Asia

Further to our release of 23 March 2009 regarding Kairiki’s conditional agreement to farm-out a 17% interest in the inboard portion of SC 54 in the Philippines, Kairiki has entered into an updated Letter of Intent on identical terms to that previously announced, but mutually agreeing the date for those conditions to be satisfied by 15 April 2009 being extended to 30 April 2009.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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