Emperor Energy Limited (ASX: EMP) announced the completion of the sale of Cyrano for $325,000.
Sales Term and Condition:
- Purchaser: BR Cyrano Pty Ltd
- Royalty: A Royalty of $0.50 per Barrel of Oil Equivalent of Petroleum Products produced & retrieved from the Title Area.
- Royalty from EMP may be purchased by BR Cyrano Pty Ltd for $1,500,000, within 48 months from the date of Settlement.
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