MARKETS

Whitebark sells Xanadu share to Triangle

WHITEBARK Energy is moving out of the Perth Basin for the colder climes of Canada, selling its 15% share of the undeveloped Xanadu oil discovery in the offshore Perth Basin to joint venture partner Triangle Energy for $5 million.

Whitebark sells Xanadu share to Triangle

  Whitebark will maintain exposure should there be commercial success at the long-delayed project, but will use the cash from Triangle to fund further work in Canada  There is an upfront consideration...

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