Aussie oiler completes takeover of US smallcap

AUSTRALIAN-listed oil producer Fremont Petroleum has completed a takeover of US small cap Trey Exploration, increasing its acreage position in three states across the US.

Aussie oiler completes takeover of US smallcap Aussie oiler completes takeover of US smallcap Aussie oiler completes takeover of US smallcap Aussie oiler completes takeover of US smallcap Aussie oiler completes takeover of US smallcap

The oil price crash of April has seen many small junior explorers and producers across the US onshore patch struggle to remain afloat, but this has presented other companies with a rare chance to