Scandoil  

Empire Oil Carnarvon Basin with sale of last remaining tenements


Published May 12, 2015
Empire Oil&Gas NL

Empire Oil & Gas has sold its remaining tenements in WA's Carnarvon Basin, enabling it to focus solely on unlocking the value of its extensive acreage in the Perth Basin.

Under the deal, Empire has sold its subsidiary Rough Range Oil Pty Ltd, which holds the Carnarvon Basin tenements, to private company Kestrel Petroleum Pty Ltd for a small cash payment and a royalty on future production.

The sale will enable Empire to concentrate its resources on creating shareholder value at the Company's flagship assets in the Perth Basin, where it has the Red Gully Gas and Condensate project and the biggest acreage holding.

Tags: Empire Oil & Gas NL




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml