merlin petroleum farms into roma cooper acreage
Roma Petroeum, via their subsiduary Permian Oil, have farmed down from 20% to 11% in parts of PEL 104, 111 and 115, to Merlin Petroleum. The terms of the farm-in were Merlin paying 20% of costs for 6 wells and some seismic to earn a 9% interest in those blocks within PELs 104, 111 and 115.
Simultaneously, Victoria Petroleum farmed down from 40% to 22% in the same blocks at the same terms, taking Merlin up to a total of 27% interest in those blocks.
The details about the deal and the farmin areas (Flight, Formation and Squadron blocks) are in the Merlin Petroleum prospectus, which is available via their website at www.merlinpetroleum.com.au
Ian Whitchurch Accelerated Farm-ins Australia Prefloat Consultants to Merlin Petroleum [email protected] 0421 864 278
This is not investment advice, and before investing in any of these stocks it is important to read and understand all documentation and seek professional advice.
RPM Price at posting:
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