Current sale involves half of interests, can be expanded to all
Denver-based private E&P Armstrong Energy is selling its interest in its Alaskan properties, where it made a massive discovery earlier this year—the largest conventional onshore discovery in 30 years.

Oil Search (ticker: OSH), from Papua New Guinea, will pay $400 million for minority interests in the Pikka and Horseshoe units, along with the adjacent exploration acreage. Armstrong and private GMT Exploration will each divest half of their respective interests in the fields....


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