Crestal finds Utah accommodation

CRESTAL Petroleum has completed an agreement with its partner in the Covenant Mondo Joint Venture that will see it finally pay funds towards the first well in Utah in order to gain a small slice of the second well.

Crestal has paid $US450,000 to operator TransWestern Petroleum, and a further $US50,000 for legal fees associated with its default is due soon. The company will reduce its interest in the project from...

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