AUSTRALIA

Orca takes the money

ORCA Energy is about to find itself all cashed up with nowhere to go, with the Perth-based minnow selling its 20% interests in the Burruna and Fury oil production in the Cooper Basin to operator Senex Energy.

Orca takes the money

The $2 million deal also includes Orca's 20% interest in PEL 110, and frees it from any further investment required to deal with the increasing water cut in Burruna. Further, exploration in the northern...

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