LONDON (Thomson Financial) - Black Rock Oil & Gas Plc. said it has agreed to
sell a 15 percent stake in the R3 retention lease offshore Western Australia,
operated by Tap Oil Ltd., to ASX-listed oil and gas development company Oil
Basins Ltd. (OBL) for A$95,000 ($89,000).
The total amount payable by OBL will be A$40,000 cash and 500,000 new OBL
shares based on Thursday's closing price, the company said in a statement.
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