Article: Consolidate or wither is reality for oil juniors.

Byline: Kate Emery

Mar 09, 2009 (The West Australian - ABIX via COMTEX) -- Small-scale petroleum mining companies listed in Australia are receiving record numbers of takeover proposals, but at prices many will be unwilling to accept. The sector is being hurt by the rapid decline in crude oil prices over 2008, with consolidation forecast as the only means of survival for many groups. Meanwhile uranium miner Extract Resources, which is engaged in court action ...

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