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FINANCING

Kairiki flags Palawan exit

MINNOW Kairiki Energy is about to end its decade-long flirtation with oil exploration by signing an agreement with its major shareholder for the disposal of its remaining assets in the Philippines.

Haydn Black

Kairiki has terminated an earlier agreement to sell its interests in SC 54A (30.1%) and SC 54B (40%) to Filipino oiler Focus Oil and Gas due to the non-satisfaction of conditions precedent. Instead Singapore-based...

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