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Ambassador signs A$42.5m farm-in

By: Esmarie Swanepoel ASX-listed Ambassador Oil and Gas has agreed to divest of a 52.5% interest in its South Australian permit to New Standard Energy in a deal valued at around A$42.5-million. New Standard would operate the permit and carry the costs for a five-year programme, up to a maximum of A$42.5-million, to... 

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