Serica Wraps Up Sale of South East Asian Assets
Serica Energy has completed the sale announced on December 7 of certain of its interests in South East Asia to KrisEnergy Limited.
The cash amounts received by Serica total US $105.4 million including base consideration plus working capital and interim period adjustments.
Serica's interests in Indonesia now comprise a 25% interest in the Kambuna field, a 30% interest in the Kutai PSC and a 100% interest in the East Seruway PSC. The Company no longer holds any interests in Vietnam.
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