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View Full Version : Helix Sells Interest in Deepwater Fields (Business Wire)


Yahoo! Finance
04-02-2008, 05:20 PM
<b>Yahoo! Finance: Commodity News</b>

HOUSTON----Energy Resource Technology GOM, Inc. , a wholly owned subsidiary of Helix Energy Solutions , has agreed to sell a 30% working interest in its Danny Noonan discoveries and other Outer Continental Shelf oil and gas properties , in two separate transactions to a private independent oil and gas company for total cash consideration of approximately $165 million , and additional cash payments of up to $20 million based upon certain field production milestones.

complete story here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/080402/20080402006421.html?.v=1)