Looks like there is a bit more in the kitty now with this ann.
TO: Manager, Company Announcements ASX Limited 070409
CONTACT: John Heugh +61 8 9474 1444
PXA Payment of Outstanding Monies
Petroleum Exploration Australia Limited (PXA) is involved in a joint venture (The PXA Broadacre Joint Venture) on a 80/20 percent basis over 27 permits and applications with Central Petroleum Limited (Central) and its wholly owned subsidiary companies.
Central has pleasure in announcing the payment by PXA of $2.5 million representing outstanding amounts previously cash called by Central, the Operator of the Joint Venture, to cover portion of the 2008 drilling and seismic campaign expenditure.
Central looks forward to working with PXA, He Nuclear Limited (HEN) and Trident Energy Limited (Trident) in developing exploration plans for the next exploration campaign.
John Heugh
ann: more cash to drill with
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