wholly owned by

wholly owned by Sumitomo Corporation.

Avalon Sale Completed

September 28, 2021

Summit confirms that the deal announced last month to sell its 50% interest in licence P.2006 including the Avalon oil discovery closed on 24th September 2021.  This brings to a close Summit’s nine year involvement in the licence, the last four of which were in a joint venture with Ping Petroleum, now the 100% operator of the licence.

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