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AUSTRALIA

Surprise West to be funded from R&D

CENTRAL Petroleum's development of Surprise West will no longer be dependent on a farm-out deal alone, with the company receiving a research and development tax refund from the Australian government in excess of the estimated $5 million development costs.

James McGrath
Surprise West to be funded from R&D

It told the market today that the rebate would be in excess of the development costs of the project. The project will involve the installation of a production facility to increase oil production up to...

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