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 Energy continues Tunisian romance Cooper Energy continues Tunisian romance Cooper Energy continues Tunisian romance 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

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