EXPLORATION

Doriemus and Rey ink formal farm-out agreement for Kora West

DORIEMUS' farmin into two Canning Basin permits with Rey Resources is one step closer after the two companies inked a formal farm-out agreement that will see Doriemus acquire a 50% operating interest in Petroleum License L15.

Doriemus and Rey ink formal farm-out agreement for Kora West

Under the agreement, Doriemus will fund A$1 million in development work on L15 to bring the West Kora-1 well into economic production. L15 contains the Koro oil field and is located on the Lennard...

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