Oct 29 (LNGJ) - Oil Search, the Papua New Guinea LNG shareholder, has revised the timetable for seeking completion of the US$6.25-billion merger with Australian LNG plant operator Santos.
The merger implementation deed (MID) has now changed. The PNG Court date for approval is now November 10 instead of the original date of October 27. “The Oil Search Board will update shareholders and the market in due course. Shareholders do not need to take any action in relation to the merger at this stage,” said a statement.
