By The Nation
BKV Corp was able to deduct $80.2 million, which accounted for the US company’s adjustment in income and other expenses since September 1, 2019, from the investment value and has paid a deposit of $170 million.
The remaining $319.8 million or Bt10.1 billion will be paid later this month.
This acquisition will help Banpu boost its natural gas production capacity in the US, while it will be able to realise cash flow from the US firm’s operation since September 1, 2019 immediately.
The acquired firm operates in the Barnett Shale area in Texas.