GB sets foundation for oil and gas growth

GB Energy is set to acquire a portfolio of oil and gas interests from Cooper Energy in a $16.5 million cash-and-share deal as part of its focus on oil and gas assets in Australia.

GB sets foundation for oil and gas growth GB sets foundation for oil and gas growth GB sets foundation for oil and gas growth GB sets foundation for oil and gas growth GB sets foundation for oil and gas growth

Under the conditional agreement, Cooper will divest all the shares in its subsidiary, Worrior, which holds 30% of the Worrior oil field, 25% of PEL 90 and 30% of PEL 93.

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