Archer Exploration Sells 5 Exploration Licenses To BHP Billiton
29 Abril 2012 - 9:32PM
Dow Jones News
Archer Exploration Ltd. (AXE.AU) said Monday it has agreed to
sell five exploration licenses covering 3,699 square kilometers in
Australia's Stuart Shelf region to BHP Billiton Ltd. (BHP) for A$8
million in cash.
The pact supersedes a previous agreement announced in late
December that contemplated a joint venture between the two
companies, Archer said in a statement to the Australian securities
exchange.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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