Perilya strikes oil

PERILYA Limited has acquired about 25 per cent of the unlisted oil and gas explorer Strike Oil NL after purchasing six million shares at 50c each.

Perilya has been attracted to Strike, which has been operating for about three years in the hydrocarbon industry, by its large equity holdings in promising and strategic positioned permits.

Strike’s immediate exposure is to a number of wells to be drilled by Apache Energy in the Carnarvon Basin of WA.

The wells are located in a permit in which Strike holds a 5 per cent interest, but also holds 100 per cent equity in an adjacent permit.

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