Australia: Rey Resources completes acquisition of 50% interest in the Derby Block and initiates JV with Oil Basins

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.

Rey Resources has completed the acquisition of a 50% participating interest in EP487 ('the Derby Block') from Backreef Oil. The Company has also entered into a JOA with Oil Basins, holder of the remaining 50% interest, for the operation of exploration programmes on the Derby Block, located in the Canning Basin of Western Australia.