Carnarvon Petroleum Limited indicated Thursday that the decision by Apache Corporation to sell its Australian subsidiary, Apache Energy Limited, and its Australian oil and gas production and exploration assets to a consortium of private equity funds managed by Macquarie Capital Group Limited and Brookfield Asset Management Inc. for $2.1 billion would not impact on the drilling of the Roc-1 prospect in Permit WA-437-P offshore Western Australia.
"Carnarvon confirms that this transaction does not impact the drilling of the Roc-1 well, which is scheduled to be drilled in the fourth quarter of 2015," the company said in a press release.
The Roc-1 well has a best estimate prospective resource of 42 million barrels of oil, which Carnarvon believes to be a commercially attractive proposition if confirmed, the firm had reported in a separate announcement earlier this week.
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