SOURCE:[Resource News Report] – On October 15, 2013 Taipan Resources (TPN-TSX.V) announced the signing of a binding farm-out agreement with Premier Oil (PMO-LSE) whereby Premier will acquire a 55% participating interest in Block 2B onshore Kenya by investing up to $30 million in exploration expenses.
Premier Oil is a leading FTSE 250 independent exploration and production company with interests in the North Sea, South East Asia, the Middle East, Africa, Pakistan and the Falkland Islands.
Premier Oil’s portfolio of producing assets delivered production of 58,600 boepd in the first half of this year, and it has various projects in the development phase which should increase production to over 100,000 boepd in the medium-term.
