ERM enters NSW

摘要

Generation company ERM Power has entered the New South Wales market by taking up position in an emerging gas play. Red Sky Energy and Clarence Moreton Resources (CMR) have agreed to assign ERM a 30-60% interest in each of PEL 457 and 479, and a 35-80% interest in PEL 478, in return for funding two firm wells and one optional well in each permit.