EXPLORATION

Phoenix JV wins block extensions

NOW the Australian unit of Apache Corporation has completed its transition to the ownership of a consortium of Macquarie Bank and Brookfield, Carnarvon Petroleum has started expanding on its "business as usual" mantra for exploration of the Phoenix area in the emerging Bedout Sub-basin oil province.

Phoenix JV wins block extensions

Carnarvon and Finder Exploration, the two Australian juniors to first recognise the opportunity around the old Phoenix-1 gas discovery, this morning announced that the Commonwealth has granted a two-year...

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