UPDATE: Pacific Rubiales Slips 1%, Completes Farm-In Transaction with InterOil in Papua New Guinea
Pacific Rubiales Energy Corp. (PRE.TO) has completed the farm-in transaction with InterOil Corporation relating to InterOil's acquisition of a 10.0% net (12.9% gross) participating interest in Petroleum Prospecting License 237 onshore Papua New Guinea, including the Triceratops structure and exploration acreage located within that license.
On March 23, 2013, Pacific Rubiales funded the final payment of approximately US$55 million under the Farm-In Agreement.
PRE edged off by 1% to $21.15, trading near 52-week low $20.76.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
