Odin Energy declared the termination of the Spinel Block Farmin Agreement with Blue Energy Ltd and Kompliment Pty Ltd.
Odin Energy is demanding the return of the $4.5 million contributed to the joint venture.
Legal proceedings have been instituted for the return of the funds.
Odin Energy is focused on oil and gas exploration and developments in the Cooper Basin of South Australia.
Tags:
Blue Energy Limited,
Odin Energy
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