West Perth-based petroleum explorer ARC Energy Ltd will acquire Toronto Stock Exchange-listed Golden Dynasty Resources Ltd subsidiary Terratek Drilling Tools Pty Ltd for $2.8 million and a 2 per cent royalty on the company's oil holdings.

West Perth-based petroleum explorer ARC Energy Ltd will acquire Toronto Stock Exchange-listed Golden Dynasty Resources Ltd subsidiary Terratek Drilling Tools Pty Ltd for $2.8 million and a 2 per cent royalty on the company's oil holdings.