AFTER a relatively quiet year for ASX-listed junior offshore explorer 3D Oil, the company finally has some news, announcing on Friday it had officially formed a joint venture with Hibiscus Petroleum Berhad to explore an offshore permit in the Gippsland Basin.
On Friday, 3D Oil announced it had received regulatory approval to form a joint venture with Hibiscus to explore offshore permit VIC/P74. VIC/P74 consists of 15 blocks covering an area of 1006...
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