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15/05/2007 - 22:00

ARC stymied on Wandoo proposal

15/05/2007 - 22:00

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WEST Perth-based petroleum explorer ARC Energy Ltd’s plans to acquire the Wandoo Petroleum Pty Ltd Australian portfolio for $380 million have suffered a setback, with Canada-based Vermilion Oil & Gas exercising its pre-emptive rights to a major asset.

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