AUSTRALIA

Bow sells non-core Surat Basin asset

BOW Energy has announced it will sell its interest in ATP 574P in Queensland's Surat Basin to Victoria Petroleum for multiple considerations, including $8 million in cash and interests in Vicpet's Surat Basin tenements.

The sale covers all Bow's interests in ATP 574P, including a 3.75% interest in the Walloon coal seam gas and a 18.75-63.75% interest in the deeper non-Walloon CSG stratigraphic section for $8 million cash,...

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