Imdex divests Vaughn Energy Services interest

AUSTRALIAN Securities Exchange-listed resources-tech company Imdex has sold its 30% stake in Vaughn Energy Services for US$4.3 million (A$6.4 million).

Imdex divests Vaughn Energy Services interest Imdex divests Vaughn Energy Services interest Imdex divests Vaughn Energy Services interest Imdex divests Vaughn Energy Services interest Imdex divests Vaughn Energy Services interest

 

It follows a move by the company to divest its entire interest in oil and gas assets in 2016 when the oil price was still low, with a focus on growing its core minerals business.