NEWS ARCHIVE

Austin keeps head above water

AUSTIN Exploration has closed the sale of its Birch property in Texas in an all-cash deal for $A1.5 million to help avoid it becoming yet another tragedy in the conga line of dozens of US companies that have fallen prey to low oil prices.

The Birch property sale was part of a $1.9 million package that included a financing agreement to cut its debt and boost its cash position and balance sheet. The company reported this morning that the...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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