RE: RE: Farm out is a done deal.12 Nov 2025 16:09
· Empyrean, which holds an 8.5% interest in the Duyung PSC, and through certain drag along/ tag along clauses that exist in the Duyung Joint Operating Agreement will participate pro rata in the farm-down process. Empyrean has communicated to Conrad and the global investment bank that it will also entertain bids for its entire 8.5% interest.