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Echelon Secures 100% Stake in Amadeus Basin Permit EP145 for $400K
8:32am on Wednesday 15th of January, 2025 AEDT
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Energy
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Echelon Secures 100% Stake in Amadeus Basin Permit EP145 for $400K
8:32am on Wednesday 15th of January, 2025 AEDT
Key Points
Binding Term Sheet executed with Mosman Oil & Gas for EP145 acquisition
100% interest and operatorship secured for AUD 400,000 cash
5% royalty on helium and hydrogen production included
EP145 adjacent to Mereenie Gas Field with existing gas discovery
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