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Apex Energy NL has aquired a 100% interest in PEL454. It previoulsy had a 70% stake in PEL454 along with its subsidiary Sydney Basin Coalbed Methane Pty Ltd. It has purchased the remaining 30% from Australian Coalbed Methane Pty Ltd. All Apex gas tenures are now controlled as follows:
Apex Energy NL - 80%
Sydney Basin Coalbed Methane Pty Ltd - 20%