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AUSTRALIA

Cott to cash in on Palta buzz

THE private company that owns one third of a Carnarvon Basin permit close to Shell's Palta-1 well is going public.

Cottesloe Oil and Gas, which shares the WA-460P permit with WHL Energy and operator Strike Energy, has issued a prospectus and plans to list on the ASX as Cott Oil and Gas. Cott hopes to raise $8 million...

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