EXPLORATION

Interra joins BSOC in Otway

SINGAPORE'S Interra Resources has farmed into its first Australian petroleum exploration permit, signing an agreement with Bass Strait Oil Company for a 50% interest in PEP 167, in the onshore Otway Basin, Victoria.

Marija Stojkovic

Under the farm-in agreement, Interra will earn a 50% interest in PEP 167 by funding the Windermere 3D seismic survey and other agreed costs to a value of $2 million. BSOC will remain operator of the...

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