DUG Technology Starts New Multi-Client Data Business Unit

MT Newswires Live

01/20

DUG Technology (ASX:DUG) has launched a new multi-client (MC) data business unit, acquiring all seismic data assets from Multi-Client Resources, according to a Monday filing with the Australian bourse.

The acquisition, which involves no upfront cash or scrip, will be paid for through future sales. It includes two large 3D seismic reprocessing projects in Australia's Vulcan Sub-Basin and Northern Carnarvon Basin, covering 43,200 square kilometers and 34 legacy surveys, the filing said.

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