EXPLORATION

Oil Basins confirms deep oil in new territory

OIL BASINS has taken a 100% controlling interest in Green Rock Energy's wholly owned subsidiary, Green Rock Canning Basin, and has sized up an oil play in the company's Backreef area.

Bianca Bartucciotto

Under the deal, Oil Basins will give Green Rock 25 million Oil Basins shares, nominally issued at 2c per share and escrowed for three calendar months, and nominal adjustments of existing and future cash...

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