(MENAFN- ProactiveInvestors)
() is selling its 50% interest in EP447 in the Perth Basin Western Australia to () for $850000.
The permit includes the legacy Walyering Gas Field which could host 389 billion cubic feet of gas.
Greenpower will retain a 1.5% royalty interest on production of any hydrocarbons from the permit area.
The transaction is expected to be completed by the end of April.
Greenpower is focused on developing a coal conversion project in Victoria.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.