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Oil Search expands position in Alaska's eastern North Slope
Australia-listed Oil Search Ltd. exercised its option to acquire an operated 50% WI in 120 leases encompassing 195,200 gross acres in the eastern area of Alaska’s North Slope from Denver-based Armstrong Energy. The latter acquired the so-called East Hue blocks in November's Alaska lease sales. Oil Search will pay $8 million for the assets, which is about half the total price paid by Armstrong. The leases will formally be awarded in mid-2019. Oil Search......
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