Petrel to acquire Palatine expanding Perth Basin reach

PETREL Energy will exercise its call option to acquire Palatine Energy giving it a 100% stake in the largest exploration permit in the Perth Basin.

Petrel to acquire Palatine expanding Perth Basin reach  Petrel to acquire Palatine expanding Perth Basin reach  Petrel to acquire Palatine expanding Perth Basin reach  Petrel to acquire Palatine expanding Perth Basin reach  Petrel to acquire Palatine expanding Perth Basin reach
This morning Petrel shares were up 33% after it told the market it would grow its reach across the Perth Basin through the acquisition of the company and subsequently its interest in EPA-0127.