Transeuro to sell PNG licences to Surge

TRANSEURO Energy has signed a deal to sell all four of its petroleum prospecting licences in PNG to Surge Resources for 30 million Surge shares, priced at C85c each, worth a total of $C25.5 million ($US24 million).

Transeuro to sell PNG licences to Surge Transeuro to sell PNG licences to Surge Transeuro to sell PNG licences to Surge Transeuro to sell PNG licences to Surge Transeuro to sell PNG licences to Surge

The deal will also include all related geological, seismic and technical data from the four licences, PPL 257-260, which cover a total area of 6.8 million acres.

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