ASIA

Carnarvon's strategic sale

CARNARVON Petroleum has entered into a $US65 million ($A72.9 million) sale and purchase agreement...

Andrew Snelling

Carnarvon's strategic sale

Carnarvon will receive $33 million on completion of the transaction, boosting its cash to more than $A50 million. Up to a further $US32 million will be paid annually at a rate of 12% of the buyer's revenue...

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