EXPLORATION

Baraka changes direction

BARAKA Petroleum is moving from high-risk exploration assets to relatively low-risk assets by farming in to two Georgina Basin permits in the Northern Territory.

Marija Stojkovic

Under the farm-in deal with Northern Territory Oil, Baraka will become operator and pay a $5000 signature bonus for EP 127 and EP 128, and could earn a 75% interest in both permits by funding exploration...

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