AUSTRALIA

Tellus of the Cooper Basin

TELLUS Resources has further advanced its Cooper Basin joint venture with Senex Energy, receiving notice from the South Australian Department for Manufacturing, Innovation, Trade, Resources and Energy that its PEL 105 licence has been converted to three petroleum retention leases.

Andrew Snelling

Senex, which farmed in for a 50% stake in the permit in September, has an extensive portfolio of PRLs across the Cooper-Eromanga Basin, giving the JV more clout. The conversion to PRLs means the JV partners...

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