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PNG

Ex-InterOil CEO Mulacek takes slice of Kina

PIE Holdings, a partnership entity associated with founder and former InterOil CEO Phil Mulacek, has become a key strategic investor in Papua New Guinea-focussed explorer Kina Petroleum.

Andrew Snelling
Ex-InterOil CEO Mulacek takes slice of Kina

PIE has agreed to take up some 61.4 million shares in Kina, representing a 19.9% slice of the junior, for $18.4 million at 30c per share. PIE and its affiliates were collectively InterOil's largest shareholder...

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