DRILLING

Aussies making progress in US

GOLDEN State Resources has locked in a debt funding agreement for the development of its Golden Eagle gas field in Paradox Basin, Utah, as its gas initially in-place estimate increases to 9 billion cubic feet.

Marija Stojkovic

Under the debt funding agreement, secured from Social Investments, Golden State will receive $2.5 million with an option for an additional advance of $2.5 million, as agreed by the parties. The principal...

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