OPERATIONS

Innamincka shuts Flax for planning work

INNAMINCKA Petroleum has decided to shut-in its Flax oil field in PEL 103, in South Australia's Cooper-Eromanga Basin, while it develops a more detailed field development plan.

The decision was also made due to current oil prices. The company said the field, which has produced more than 100,000 barrels of oil since it was commissioned in August last year, has performed poorer...

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