Ambassador in $44.3m farm-out

Ambassador Oil & Gas has agreed to a farm-out deal worth A$50 million (US$44.3 million) for a major portion of its exploration block in South Australia’s Cooper basin.

Cooper basin: a map showing coal thickness surrounding Ambassador Oil & Gas’ PEL 570 permit and the Patchawarra formation in South Australia
Cooper basin: a map showing coal thickness surrounding Ambassador Oil & Gas’ PEL 570 permit and the Patchawarra formation in South Australia
Published 5 August 2013, 02:38Updated 5 August 2013, 02:38