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PEX - Peel Mining executes $7,000,000 farm-in agreement with JOGMEC 1/1
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PEX - Peel Mining executes $7,000,000 farm-in agreement with JOGMEC 1/1
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Newspaper Article
PEX - Peel Mining executes $7,000,000 farm-in agreement with JOGMEC 1/1
2014
Overview
* [Rob Tyson, Peel] to act as Operator of the project on behalf of the parties during the farm-in and any subsequent joint venture unless JOGMEC becomes a majority owner at which point the Operator shall be appointed by JOGMEC. Sydney - Tuesday - September 30 (RWE) - Peel Mining Limited (ASX: PEX) announces that Peel (CSP) Pty Ltd (company), a wholly owned subsidiary of Peel has entered into a Memorandum of Agreement (MoA) with Japan Oil, Gas and Metals National Corporation (JOGMEC), for JOGMEC to earn up to 50% of certain exploration tenements owned by the company, located in NSW, Australia, known as the Cobar Superbasin Project (Project) by funding up to $7,000,000 of exploration expenditure.
Publisher
Australian Associated Press Pty Limited
Subject
