Money exchanges hands in August on buyout of Armstrong’s interest in Pikka
Kay Cashman Petroleum News
The payout of the $450 million involved in Oil Search’s buyout of the remainder of Armstrong Energy’s working interest in Pikka, Horseshoe and nearby leases took place as planned at the end of August, Amy Burnett, Oil Search’s manager of U.S. media and communications, told Petroleum News Sept. 12.
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