EXPLORATION

OBL loses patience

TALKS between Oil Basins Ltd and its joint venture partner Backreef Oil have failed to reach a resolution on ownership of the EP 487 permit in the Derby Block.

OBL loses patience

The parties have been in correspondence, meeting on May 29 along with Buru Energy, to resolve the way forward on the companies' future stakes in the permit. OBL is now pushing for immediate payment of...

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