Rift waves goodbye to Austral as Puk Puk-1 anticipation grows

RIFT Oil is nearing the target zone at its Puk Puk-1 well in PNG, while the company’s $US5 million (K13.01 million) out-of-court settlement with former joint venture partner Austral Pacific Energy is granted ministerial consent.

Rift waves goodbye to Austral as Puk Puk-1 anticipation grows Rift waves goodbye to Austral as Puk Puk-1 anticipation grows Rift waves goodbye to Austral as Puk Puk-1 anticipation grows Rift waves goodbye to Austral as Puk Puk-1 anticipation grows Rift waves goodbye to Austral as Puk Puk-1 anticipation grows

The formality of gaining government approval is the finishing touch in a deal that sees Rift gain full ownership of PPLs 261 and 235 from Austral along with the Coral Sea Rig - which is drilling Puk

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