MARKETS

Fremont improves revenue projections by $1M

CONTRACTUAL renegotiations between Fremont Petroleum and Magnum Hunter Production are set to see Fremont boost revenue by an extra A$1.1 million per year. Fremont acquired the US company in March giving it an additional 1300 gas wells across Kentucky, Virginia and Tennessee.

Jonathan Davidson

Renegotiated gas contract after takeover

Renegotiated gas contract after takeover

It has renegotiated a legacy gas sales agreement for one third of its production which will add roughly US$100,000 in revenue per month, leaving 65% for the currently buoyant US spot market. It will...

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