CANADIAN TAG Oil, listed on the Toronto Stock Exchange, announced overnight it is offloading its two Surat Basin permits to the new Luco Oil for $2.5 million and an ongoing 3% royalty on any oil produced.
Luco is a joint venture between AJ Lucas Services and Ilwalla. Luco believes it could hold the key to unlocking the next shale revolution in Australia in CSG home territory of the...
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