5 Jan 2006joint venture update● Neutral
Third-party filing by Cue: Cue gave Medco 6.818182% of its 15% Jeruk interest to cancel a roughly US$50m in-kind premium, and gets about US$6m back. Santos stays operator with 45% of Jeruk, in the Sampang PSC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.