GREY:LSTMF - Post by User
Post by
Beabaggageon Apr 02, 2015 3:33pm
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Post# 23593010
Apache sale of Horn River BC NG to Aussies done
Apache sale of Horn River BC NG to Aussies doneto create economies of scale, maybe Woodside would buy from LTS... who knows, every little bit helps, certainly not a focus area for LTS.. Bea... ... from Apache release.....The company anticipates the previously announced sale of Apache's 50-percent interest in the Kitimat LNG project and related upstream acreage in the Horn River and Liard natural gas basins in British Columbia, Canada, to Woodside Petroleum Limited will close later this month. Final customary approvals by the project's downstream operator, Chevron Corporation, were received on March 31, 2015. Proceeds are expected to be approximately $854 million, which would include $354 million in adjustments for reimbursement of net expenditures on the project, changes in working capital and other contractual adjustments for the period between the effective date, July 1, 2014, and closing.