AUSTRALIA

Magellan snaps up Santos stake in Evans Shoal

MAGELLAN Petroleum has signed up to buy Santos's 40% stake in the Evans Shoal field in the Bonaparte Basin, offshore Northern Territory.

The move is interesting when taking into account that Magellan has the adjacent exploration lease NT09-1, which it was awarded under the 2009 release of offshore petroleum exploration areas, and the company's...

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