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AGL snaps up Gloucester Basin permit

AJ LUCAS and Molopo Australia have sold PEL 285 in the Gloucester Basin, New South Wales, to AGL ...

AGL snaps up Gloucester Basin permit

AJ Lucas had a 70% stake in the permit while Molopo had 30%. AJ Lucas executive chairman Allan Campbell said the sale, which nets the company about $299 million, will provide financial flexibility that...

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