“It’s not an introduction, we have met them before,” Carnarvon managing director Adrian Cook told Upstream, saying the as yet unnamed buyer had a strong Asian focus.
“We are very happy with the buyer – they are a group of substance,” he said.
Pan Orient told the Toronto Stock Exchange that it would sell its operating stake in concessions L44/43, L33/43 and SW1 for $170 million plus $8 million in working capital adjustments under a deal closing on 15 June.
Pan
