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AUSTRALIA

3D sells West Seahorse

FOLLOWING an option deed between it and its joint venture partners, 3D Oil has received a commitment from Carnarvon Hibiscus to buy all of its remaining interest in the VIC/L31 permit in the Gippsland Basin.

Andrew Snelling

Carnarvon will pay 3D $US14.05 million for the interest upon receiving the relevant approvals from the National Offshore Petroleum Titles Administrator. The sale comes as part of the restructuring, funding...

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