BRIEF-Oil Basins says co exercises option to acquire 25 pct interest in VIC/P47

Feb 20 (Reuters) - Oil Basins Ltd OBL.AX :

* Obl exercises option to acquire 25% interest in vic/p47 OBL.AX

* Says will issue SER 6.0 million new OBL ordinary shares at 2.0 cents per share to finalise this transaction

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