Offshore staff
SUBIACO, Australia –Cooper Energy Ltd. (ASX:COE) will acquire shares in Bass Strait Oil Co. Ltd. which will bring Cooper’s total holdings in Bass to 16.7%. Cooper has committed to an additional plan that would raise the holdings to 19.9%.
Bass holds permits in Otway and Gippsland basins offshore Australia.
Additionally, Cooper and Bass have agreed in principle to enter a technical services agreement whereby Cooper may supply technical and commercial support to Bass.
8/13/2012
