Dec 23 (Reuters) - McAleese Ltd MCS.AX :
* Business, financing and strategic process update
* Oil and gas division has successfully tendered for a new LPG cartage contract
with Elgas Limited
* Says the sales will occur above book value and are expected to complete by
the end of January 2016
* McAleese Group will sell approximately $9 million of LPG tankers to Elgas
with the proceeds to be applied to debt reduction
* Says increased volumes are expected to deliver total revenues of
approximately $50 million per annum and improved EBITDA
* Approximately $4 million of capital expenditure over next six months will
reduce the oil and gas division's average prime mover age to 3.2 years
* Source text for Eikon ID:nASX7dZwQw