AUSTRALIA

Central to issue notice of dispute to PXA

CENTRAL Petroleum says it will start proceedings against Petroleum Exploration Australia after it failed to carry out the deeds of assumption in relation to the Red Sky Energy farm-in.

Marija Stojkovic

Under the farm-in arrangements with Red Sky Energy, Central's partner PXA was to carry out certain deeds of assumption so that Red Sky could become a participant no later than October 14, 2009. However,...

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