AUSTRALIA

Key refocuses on Australia, Europe

KEY Petroleum has decreased its interest in the Nyuni production sharing agreement in Tanzania as part of its move to focus on activities in Western Australia and the United Kingdom.

The company said it had entered into a binding heads of agreement with Nyuni operator Aminex to farm-out 15% of its 20% interest in the Tanzania block. Under the farm-out, Aminex will fund a 20% share...

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