Oil Search expands in Alaska with Pikka- analogous acreage

OIL Search’s footprint in Alaska’s deep snow has just expanded with the oiler exercising its option to acquire another 195,200 acres across the North Slope  made up of 120 leases and comes days after a strong quarterly showing huge returns from its Papua New Guinea LNG projects. 

Oil Search expands in Alaska with Pikka- analogous acreage Oil Search expands in Alaska with Pikka- analogous acreage Oil Search expands in Alaska with Pikka- analogous acreage Oil Search expands in Alaska with Pikka- analogous acreage Oil Search expands in Alaska with Pikka- analogous acreage

Oiler will pay $US8M to take 195K acres

Lagniappe Alaska, a subsidiary of Oil Search's joint venture partner Armstrong, picked up the acreage in November during the state's lease sale round for some US$16 million, working out at $82 per

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