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AUSTRALIA

Key condition of Oilex's Timor Sea farm-out satisfied

OILEX'S production-sharing contract term for Block JPDA 06-103 in the Timor Sea has been extended...

Marija Stojkovic

The company said the JPDA Designated Authority approved the extension to the first term of the PSC to January 15, 2011. The previous term was due to expire on January 15, 2010. The extension meets...

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