EXPLORATION

Bombora inks gas farm-in

DESPITE an apparent lack of interest among California’s locally-minted oilers, John Begg’s Bombora Natural Energy has agreed to fund a stake in the myth-busting Dempsey-1 exploration well, which is due to spud next quarter.

Haydn Black

BNE, which is planning a backdoor listing, has agreed to take a 10% interest by paying 20% of the well costs, and it has an option to move to 20% by paying a further 12.5% promote. Drilling...

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