Empire Oil and Gas has sold its remaining shares in WA’s Carnarvon Basin.
The company has sold its subsidiary Rough Range Oil, which holds the Carnarvon Basin tenements, to Kestrel Petroleum for an undisclosed cash sum and a royalty on future production.
The firm said the move will enable it to focus on its extensive acreage in the Perth Basin where it has the Red Gully Gas and Condensate project and the biggest acreage holding.
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