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AUSTRALIA

Petsec goes debt free

PETSEC Energy has settled its financial woes, clinching a deal to reconcile its $US29.2 million (...

Marija Stojkovic

The company, which flagged the deal on its existing-term loan earlier this month, said loan would be fully extinguished in exchange for $12 million in cash, a 2.5% working interest in the Main Pass 270...

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