AUSTRALIA

La Bella farm-out

AWE Energy has farmed into WHL Energy's La Bella permit on VIC/P67, with the ability to earn up to 60% equity in the project.

AWE will fund 75% of the cost of the 3D seismic survey to a cap of $US9 million ($A9.4 million). Any costs that exceed the cap will be split between the companies according to their respective interest....

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