Sun to take 100% of Bowsprit

SUN Resources will acquire the remaining 50% of its Bowsprit field in the US for US$250,000 and a 5% gross royalty with the caveat Sun collects the first US$12 million in revenue before partner Pinnacle takes any royalties. 

Sun to take 100% of Bowsprit Sun to take 100% of Bowsprit Sun to take 100% of Bowsprit Sun to take 100% of Bowsprit Sun to take 100% of Bowsprit

Pinnacle unable to pony up for well program 

This takes the Perth junior's share 100% in the nearshore field, where it plans to drill its first well early next year
 
It said it has paid 100% of the initial leasing costs and has progressed
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