Australia-listed Cooper Energy said Dragon had satisfied the conditions precedent to take a 55% stake in the venture, home to the Hammamet West-3 well offshore Tunisia.
Dragon will pay 75% of Hammamet West-3 well drilling costs to take the stake, which will see Cooper’s stake reduced to 30% and Australia’s Jacka Resources holding the remaining 15%, Upstream reported in October 2011.
Cooper
