- ConocoPhillips (NYSE:COP), through its Australian subsidiary, intends to operate Australia Pacific LNG (APLNG) upstream.
- ConocoPhillips holds a 47.5% APLNG shareholding interest and has agreed to purchase up to an additional 2.49% for $0.5 billion, totaling 49.99% upon closing.
- Both the assumption of upstream operatorship and the shareholding acquisition are dependent on EIG closing its transaction with Origin Energy Ltd.(OTC:OGFGF) (OTC:OGFGY).
- ConocoPhillips’ FY22 production from APLNG was ~136 thousand barrels of oil equivalent per day (MBOED).
- The transaction is expected to close in early 2024. The effective date of the transaction will be July 1, 2022.
- ConocoPhillips held cash and short-term investments of $9.5 billion as of December 31, 2022.
- Price Action: COP shares closed at $95.43 on Friday.
Kazia Provided Progress Update on GBM Agile Pivotal Study
Kazia Therapeutics Limited (NASDAQ: KZIA; ASX: KZA), an oncology-focused drug development company, announced today a progress update on the GBM AGILE pivotal study (NCT03970447), a global adaptive clinical trial platform designed to evaluate multiple therapies for glioblastoma, to which paxalisib commenced enrolment in January 2021.
