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IPB, Quay to develop Browse Basin assets

IPB Petroleum has signed a farm-in and funding agreement with Quay Resource Investments for its WA-424-P permit in the Browse Basin offshore Western Australia. As part of the agreement, Quay will earn a 50 per cent interest in WA-424-P for providing debt funding in two tranches to the joint venture (IPB 50 per cent, Quay …

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