Hess to take Beetaloo stake

HESS Corporation will take a 62.5% working interest in three exploration permits held by Falcon Oil and Gas Australia in the Beetaloo Basin, Northern Territory.

The US independent will gain the interest in EP 76, 98 and 117, which cover about 25,200 square kilometres, by making a payment to Falcon, acquiring warrants in the company, conducting an extensive

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