Jones Day has advised Pan Pacific Petroleum NL in its agreement to sell its 5% interest in Block 07/03 in the Nam Con Son Basin offshore Vietnam to Repsol Exploracion SA for US$5 million.
Following the sale, Pan Pacific will have no debts and circa US$16 million cash and liquid investments of US$3 million.
Jones Day has advised Pan Pacific Petroleum NL on the deal with a team led by Darren Murphy.
Involved fees earner: Darren Murphy – Jones Day;
Law Firms: Jones Day;
Clients: Pan Pacific Petroleum NL;