Posted by OilVoice Press - OilVoice
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that a subsidiary of the Company has signed an agreement for the sale of its 22,130 sq.km. Capreolus 3D survey offshore Australia in return for a cash consideration of USD 6.5 million.
The transaction will result in a non-cash gain of approximately USD 4.9 million.
The transaction is subject to the execution of ancillary agreements with target closing date on or before 31 July 2018.
Visit source sitePolarcusDivestmentOSEAustraliaOffshore