To Acquire 49.9% Of Longboat Energy Shares By Subscription Of Newly Issued Shares
May 2 (Reuters) - Japan Petroleum Exploration Co Ltd
1662.T :
* TO ACQUIRE 49.9% OF LONGBOAT ENERGY SHARES BY SUBSCRIPTION
OF
NEWLY ISSUED SHARES
* TO INVEST ABOUT $150 MILLION OVER NEXT 3 YEARS FOR
EXPLORATION,
DEVELOPMENT, ACQUISITION OF NEW INTERESTS WITH LBEN
Source text for Eikon: ID:nTSqb88475
Further company coverage: 1662.T
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