MIMI takes stake in prospective Carnarvon gas block

JAPAN'S desire for natural gas has surfaced again with Japan Australian LNG (MIMI) buying a 25% stake in the prospective WA-351-P block from Tap Oil for $US30.15 million ($A27.8 million).

04 May 2011
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Earlier this year, Tap increased its stake in WA-351-P to 45% after exercising its pre-emptive right to acquire a 20% stake from Roc Oil for $US15.75 million.

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