Energy World Corporation Ltd (AU:EWC) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Energy World Corporation Ltd has announced the sale of its 51% stake in the Sengkang Production Sharing Contract (Sengkang PSC) to PT EMP Energi Jaya for US$35 million. The Sengkang PSC, which includes the Kampung Baru and Wasambo gas fields in Indonesia, is a significant asset with production potential until 2042. The transaction, which does not require shareholder approval, is set to close on 31 October 2024.
For further insights into AU:EWC stock, check out TipRanks’ Stock Analysis page.