AUSTRALIA

Acer ups resource and pressure

TAKEOVER target Acer Energy has almost tripled the oil and gas resource estimate at its Flax oil and wet gas field in the Cooper Basin, putting even more pressure on suitor Drillsearch to up its bid.

Andy Graham

Acer announced this morning RISC had audited and supported the 280% increase in the in-place oil and gas 2C resource to 88.5 million barrels of oil equivalent. It said the associated in-solution wet...

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