Toronto-listed Mitra Energy has completed its acquisition of the Stag oilfield off Western Australia from previous owners Quadrant Energy and Santos.
Mitra revealed its Jadestone Energy subsidiary had closed the US$10 million acquisition of the oilfield on 11 November.
“Stag will bring production and cash flows to the company for the first time in its history, as well as a number of exciting re-investment options to create further value for shareholders,” Mitra chairman Paul Blakeley said.
