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Mt Horner farmout terminated

KEY Petroleum has told Triangle Energy it will terminate its farmout agreement in production license L7 from September 23, according to a release from the latter this morning. 

Beam pump at Mount Horner

Beam pump at Mount Horner

"As previously announced, the Farmout Agreement remains subject to the receipt of landowner consent. Key has sought to terminate the Farmout Agreement on the basis of this consent not having been obtained,"...

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