Australia-listed
Carnarvon,
which
previously
held
the
WA-435-P
and
WA-437-P
exploration
permits
in
a
50/50
joint
venture
with
Finder
Exploration,
had
announced
the
farm-out
deal
in
October.
The
company
said
Wednesday
that
Australia’s
National
Offshore
Petroleum
Titles
Administrator
has
now
approved
and
registered
the
interests
of
the
two
farminees,
effectively
diluting
both
Carnarvon
and
Finder’s
interests
in
the
permits
to
20%
each.
As
a
result,
Apache
will
now
take
over
as
operator
of
the
blocks
with
a
40%
interest
while
JX
Nippon
will
hold
a
20%
stake.
Under
the
farm-in
agreement,
Apache
and…
