Black Mountain Energy settles $10.4m US Half Moon prospect sale

Typical drilling rig in the Permian Basin of Texas from Black Mountain oil & gas. Source: Black Mountain Energy

• Black Mountain Energy (ASX:BME) sold its Half Moon prospect earlier this year in the US Permian Basin
• The Permian Basin is prime-grade US oil and gas acreage well understood
• The same geological formation is responsible for the American shale boom
• The company now has A$10.4 million on hand as the payment settled over the weekend
• Shares last traded at 2.1 . . .
  

  

  Tagged as 10.4m Black energy moon Mountain prospect Sale settles

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