JUNIOR EXPLORERS

3D gets new dimension with Malaysian investment

AUSTRALIAN Securities Exchange-listed junior 3D Oil has attracted the attention of big fish Hibiscus Petroleum, which will pump $27 million into the company to take a cornerstone stake in the junior and take a majority stake in the VIC/P57 permit.

James McGrath

3D gets new dimension with Malaysian investment

The junior told the market this morning that subject to Foreign Investment Review Board approval and the tick from Hibiscus shareholders, the Malaysia-based company would farm-in for a 50.1% stake in the...

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