EXPLORATION

Lakes finalises Navgas terms

LAKES Oil’s move outside Victoria, where its licences are paralysed due to moratoria on exploration, has taken a further step by finalising a share purchase agreement with Dark Horse Resources to secure new projects in Queensland and South Australia.

Lakes finalises Navgas terms

The contract replaces October's heads of agreement, ends years of inaction for Lakes and has seen the Melbourne-based oiler secure the 96% of Navgas that it did not own from Dark Horse and two individuals....

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