EXPLORATION

Cooper Energy continues Tunisian romance

COOPER Energy has expanded its interest in Tunisia with the acquisition of an 85% stake in the Nabeul permit in the Gulf of Hammamet from Cairn Energy for an initial payment of $US1.5 million ($A1.54 million).

Cooper Energy continues Tunisian romance

Cooper will also pay Cairn's wholly owned subsidiary Capricorn Oil and Gas $US2 million for every commercial discovery on the permit up to a maximum of $US6 million and $US3 million on first production...

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