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News: APA APA Group announces execution of a non-binding heads of agreement with Cooper Energy

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    Feb 27 (Reuters) - Apa Group (APA)

    • co and Cooper Energy announce execution of a non-binding heads of agreement aligning two companies in the development of Gippsland basin.
    • APA will fund all capital expenditure associated with the

      expansion and upgrade of the plant to process natural gas from the sole gas project

    • capital expenditure for the upgrade is anticipated to be approximately a$250 million
    • capital expenditure for the offshore development is anticipated to be approximately a$355 million
 
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