AUSTRALIA

New Standard farms into Cooper

A DEAL struck last year by Ambassador Oil and Gas to farm out a Cooper Basin interest to New Standard Energy has received overwhelming shareholder approval.

The farm-out of 52.5% of Ambassador's interest in the highly prospective PEL 570 permit will see New Standard operate the permit and carry costs of up to $42.5 million for the five-year program, representing...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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