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Somerton bags Otway permit

SOMERTON Energy has taken the first step in rebuilding its Otway Basin portfolio with the acquisi...

Marija Stojkovic

The company will acquire PEL 186, which lies in the western Otway Basin, for a cash payment of $200,000. Beach Energy will have an opportunity to acquire a 66.67% interest in PEL 186 under its strategic...

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