Dont know if this was mentioned before or not, but seems our good friends TLU did very well out of the PEL105 transaction with AKK.
"In September, Senex purchased an equity position in northern Cooper Basin permit PEL 105 from Tellus Resources (Tellus, ASX: TLU). Under the agreement, Tellus will transfer a 50% interest to Senex for consideration of $3.5 million towards the cost of drilling the Pirie-1 well. Senex will earn an additional 20% interest through funding a second well in PEL 105 prior to 30 June 2014 and will assume operatorship of the permit."
Q3 Report from Senex.
AKK Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
