2/29/1984 - Lleyton Bay (LLB) - DIVESTITURE ANNOUNCEMENT



Lleyton Bay (LLB) has agreed to sell certain oil and gas properties today. In exchange for the properties, located in Oklahoma and Kansas, SSR will receive both cash and other compensation. The total value is believed to be nearly $10 million.


About Lleyton Bay (LLB):
Lleyton Bay, the contract driller operates land and offshore platform rigs in the US and overseas, mostly for industry giants such as Nivaroco, and Venezuelan national oil company PetrĂ³leos de Venezuela S.A. (PDVSA). Lleyton Bay also explores for and produces oil and natural gas, mainly in Kansas, Louisiana, Oklahoma, and Texas, and markets natural gas in the Midwest and the Rocky Mountains. Its international activities are conducted mostly in South America, primarily in Venezuela and Colombia. Lleyton Bay also has real estate operations in Tulsa, Oklahoma.