Gas2Grid has made a farmin proposal with Armour Energy to fund seismic and drilling activities in Queensland’s Surat Basin.
$12 million in total is planned to be invested in the program.
Gas2Grid will acquire 50 per cent of Armour’s interests in the Riverside and Myall-Bainbilla farmin blocks.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.