AJL AJ Lucas Group Limited

AJ Lucas Group Ltd. (AJL.AU) said Thursday it has sold its 15% interest in a coal seam gas permit in Queensland state to Japan's Toyota Tshusho Corp. (8015.TO) for A$98.5 million.

The permit, ATP651, is located in the Surat Basin and operated by BG Group PLC (BG.LN).

The transaction is subject to regulatory approval and is expected to occur in early 2010, AJ Lucas said.

-By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; ross.kelly@dowjones.com

AJ Lucas (ASX:AJL)
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AJ Lucas (ASX:AJL)
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