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working interest

Oil & Gas

Farm out for Melrose

Melrose Resources has agreed to farm out a proportion of its equity in the Black Sea Muridava (Ex-27) block offshore Romania to Midia Resources, a subsidiary of UK-Canadian company Sterling Resources.

Oil & Gas

Tough H1 for oil, but H2 looking more positive

The under-performance of oil&gas against the broader market could be blamed on a number of things, including the uncertainty over the future of BG Group's Queensland Curtis coal-to-LNG project from the proposed resource super-profits tax in Australia (the project was subsequently made exempt from the tax after a rethink) and the change of UK prime minister in July.