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AUSTRALIA

ERM enters NSW market with Red Sky deal

RED Sky Energy has moved to farm out a portion of its Clarence Moreton project in New South Wales...

James McGrath

In a complicated farm-in deal ERM Gas will pay an initial $2.7 million upon certain milestones, including the renewal of PEL 479 and PEL 457, with ERM gas to fund the drilling of up to nine wells in permits...

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