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Gippsland Basin gains JV
The VIC/P74 permit was awarded to 3D Oil in July, with Carnarvon Hibiscus (CHPL) – a wholly-owned Hibiscus Petroleum Berhad subsidiary – now electing to farm in to the exploration permit with a new JV. CHPL will also enter a conditional farm-in agreement with 3D Oil, where 3D oil will remain operator of the permit …