Somerton Energy to Acquire Interests in Bonaparte Basin area Permits

Somerton Energy Ltd has secured options to participate in 4 Bonaparte basin petroleum exploration tenements in the Northern Territory, Australia from Beach Energy Ltd. Under the terms of the agreement, Somerton can acquire up to 18% interest in onshore tenements EP 126 and EPA 138 and up to 8.25% interest in offshore tenements EPA 135 and NTC/P10. Continue reading here..