Oil Search Limited (ASX:OSH) entered into an Area of Mutual Interest (AMI) agreement to acquire 50% stake in 120 Leases of Lagniappe Alaska LLC for $8 million on January 24, 2019. Oil Search will pay approximately $8 million for the 120 leases covering approximately 195,200 gross acres in the eastern area, equivalent to 50% of the acquisition costs incurred by Lagniappe at an average acquisition cost of approximately $82 per acre.