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Tangiers signs agreement on Australian farm-out deal


Published May 13, 2013
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Tangiers Petroleum Limited

Tangiers Petroleum Limited’s Board has approved the final terms of its Farm-Out Agreement with CWH Resources Limited ) and Ansbachall Pty Limited (Ansbachall) covering two of Tangiers' Australian exploration permits (the Farm-Out Agreement).

Tangiers has also been informed that the Boards of CWH and Ansbachall have approved the final terms and conditions of this Farm-Out Agreement, which will be executed by the parties at a signing ceremony to be held during the week commencing 20 May 2013.

The Farm-Out Agreement covers the permits WA-442-P and NT/P81, which are located in the southern Bonaparte Basin, about 250 km south-west of Darwin (see ASX announcement dated December 3, 2012).

Tags: Tangiers Petroleum Limited




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