PETALING JAYA: Sona Petroleum Bhd is terminating its proposed qualifying asset (QA) with regards to the acquisition of a 40% stake in UK-listed Salamander Energy plc’s Thai unit, Salamander Energy (Bualuang Holdings) Ltd (SEBG), for US$281.2mil (RM1.01bil).
SEBG owns two concessions called B8/38 and G4/50. The B8/38 field has been producing since 2008, while the G4/50 field is exploratory in nature.
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