Horizon farms out PNG assets

HORIZON Oil has sold half of its Papua New Guinea gas-condensate interests, including the Stanley, Elevala and Ketu discoveries, to Thailand's PK Group for $US55 million ($A71.3 million).

Horizon farms out PNG assets Horizon farms out PNG assets Horizon farms out PNG assets Horizon farms out PNG assets Horizon farms out PNG assets

Under the sale and purchase agreement, PK Group will acquire a 50% interest in PRL 4, which contains the Stanley discovery, and a 24.

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