AUSTRALIA

Carnarvon hopes to wrap Phoenix farm-out soon

CARNARVON Petroleum says it has received strong interest for its WA-435-P and WA-43-P permits in the Bedout sub-basin of the Carnarvon Basin and hopes to seal a deal in the third quarter.

Carnarvon, which holds a 50% stake in the two blocks that contain the potential multiple trillion cubic feet Phoenix South and Roc prospects, began a farm-out process with partner Finder Exploration last...

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