5GN 0.00% 14.5¢ 5g networks limited.

aquires 52pc of bass basin

  1. 356 Posts.
    Eric Streitberg, ARC’s Managing Director commented:
    “We are very pleased to be able to move quickly to consolidate our position in the Bass Basin
    subsequent to our purchase of the interest in the BassGas project. This farmin fits very well with
    our philosophy of holding large equities in prospective areas where we have access to or control of
    existing infrastructure. Our evaluation of T/18P and T/44P suggests there is scope for substantial
    additional gas and potentially oil reserves in this underexplored area.”
 
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