MARKETS

Western Gas welcomes new Sasanof-1 partner

WESTERN Gas has found another partner for its soon-to-be-drilled Sasanoff-1 commitment well offshore Western Australia as Prominence Energy signed a binding agreement to take 12.5% of the Perth company which holds the permit WA-519-P.

Western Gas welcomes new Sasanof-1 partner

All up the tiddler has secured a firm commitment for $12 million before costs via a two tranche placement of 1.2 billion shares at 1c each and one option for every three shares. Tranche 1 will issue...

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