AUSTRALIA

Central gives Trident time for Johnston West

CENTRAL Petroleum has signed a deal that allows farm-in partner Trident Energy time to raise funds for the Johnston West-1 well in EP 115, Northern Territory, in the event of a discovery.

Central gives Trident time for Johnston West

Under the deal, Trident will be able to look at the results of the well and, in the event of a discovery, will have 60 days to raise capital and satisfy the cash call of about $1.5 million. As part...

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