Planet Gas exits US as sale of subsidiary closes

PLANET Gas has closed the sale of its subsidiary Planet Gas USA for A$1 to High Peak Royalties, allowing the company to escape a US$2.75 million debt to Macquarie Bank.

Planet Gas exits US as sale of subsidiary closes Planet Gas exits US as sale of subsidiary closes Planet Gas exits US as sale of subsidiary closes Planet Gas exits US as sale of subsidiary closes Planet Gas exits US as sale of subsidiary closes
Planet Gas USA has a 3% royalty on over 2,000 wells throughout the US with a latest monthly income from royalties of US$30,000.