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Hamilcar54

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Hamilcar54

Re: Belek post# 1272

Monday, 12/01/2014 8:32:12 AM

Monday, December 01, 2014 8:32:12 AM

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They sold their Cooper basin assets (operated by Terra Nova) for a rather small amount:

On October 6, 2014 the Chelsea sold certain working and non-producing overriding royalty interests to an arms-length private company for $831,251.

Looking for an entry point here, this company has some interesting assets but will take a wait and see attitude first, looks like a bottom hasn't set in yet.
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