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BRIEF-APA Group announces execution of a non-binding heads of agreement with Cooper Energy

Published 27/02/2017, 09:21 am
© Reuters.  BRIEF-APA Group announces execution of a non-binding heads of agreement with Cooper Energy
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Feb 27 (Reuters) - Apa Group APA.AX

* co and Cooper Energy announce execution of a non-binding heads of agreement aligning two companies in the development of Gippsland basin.

* APA will fund all capital expenditure associated with the

expansion and upgrade of the plant to process natural gas from the sole gas project

* capital expenditure for the upgrade is anticipated to be approximately a$250 million

* capital expenditure for the offshore development is anticipated to be approximately a$355 million Source text for Eikon: ID:nSNZ6jvr6Q Further company coverage: APA.AX

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