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GAS

Central buys up

CENTRAL Petroleum has signed an agreement with Magellan Petroleum Australia to purchase the Palm Valley and Dingo fields near Alice Springs for $35 million.

Andrew Snelling

The payment will be made with $20 million cash and approximately 39.5 million shares in Central, with the shares and $15 million to paid on completion of the deal and the remaining $5 million cash to be...

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