The sale includes $8 million in cash, and $13 million fully paid shares in VicPet in addition to VicPet’s share in the Surat Basin tenements ATP 608P and ATP 805P.
Bow Chief Executive Officer Commercial John De Stefani said “Bow’s minor interest in ATP 574P is a non-core asset to Bow. The sale gives Bow additional cash resources, which will be used primarily to fund ongoing coal seam gas exploration and appraisal drilling programs in our Bowen Basin tenements.”?