ASIA

Peak-Octanex merger nears

PEAK Oil and Gas has reached settlement in its dispute with Cadco over the Cadlao project in the Philippines, leading to progress on its merger with Octanex.

Andrew Snelling

Arbitration was required when Peak believed Cadco had not demonstrated it had committed funds to enable completion of the project. Under a farm-in agreement, Peak has a 25% prospective interest in the...

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