BRIEF-Carbon Minerals says PELS 1 and 12 santos arrangements restructured

Jan 20 (Reuters) - Carbon Minerals Ltd CRM.AX :

* Pels 1 and 12 santos arrangements restructured CRM.AX

* Under restructured arrangements field work which has been on hold will be

undertaken by santos as operator, in consultation with acm, at a time when it

is considered reasonable to do so

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