Octanex, which holds a portfolio of 17 oil and gas exploration permits offshore Australia and New Zealand, said on Friday that it had recently broadened its strategy to include oil and gas exploration and production opportunities in South East Asia, and had even opened an office in Kuala Lumpur, Malaysia.
The company said the proposed merger with Peak, which holds petroleum assets in the Asia Pacific region including the Cadlao oilfield redevelopment project in the Philippines, was in line with its expansion strategy.
The
