EXPLORATION

Odin extends into Texas

PERTH-based Odin Energy has completed a memorandum of understanding with Kilgore Oil and Gas to farm into Kilgore's interests in offshore gas projects in Texas state waters.

Under the MoU, Odin has the option to fund the dry hole costs for two US prospects - Snipe and Egret - and the completion costs if the wells are commercial. The company has paid $2 million to Kilgore...

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