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Acquisitions and Divestitures News in Australia

Strike Energy Farms out Walyering Perth Basin Discovery to Talon Petroleum
7/20/2020 - Strike Energy has agreed terms with ASX listed Talon Petroleum for the acquisition by Talon of a 45% non-operated interest in Walyering (EP447) and formation of an unincorporated Joint Venture for the...
Brookside & Stonehorse Provide Update on Orion Project JV
7/20/2020 - Brookside Energy Limited and Stonehorse Energy Limited are pleased to provide an update on the successful operation of the recently announced Orion Project Joint Venture (the Joint Venture). The Joint...
XCD Energy Takeover Update – Compulsory Acquisition
7/9/2020 - 88 Energy Limited is pleased to advise that that as at 7.00pm (Sydney time) on 8 July 2020, 88 Energy had acquired 90.97% of the shares in XCD Energy Limited (XCD Energy) and 93.31% of XCD Energy’s li...
Results of the 2019 Cooper and Otway Basins Acreage Release
6/30/2020 - The Minister for Energy and Mining, Dan van Holst Pellekaan, has announced the details of successful bids in the 2019 petroleum exploration acreage release in the Cooper and Otway Basins.

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Chevron Completes Acquisition of Puma Energy Holdings Pty Ltd
6/30/2020 - Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Ene...
Armour Energy & Australia Pacific LNG Execute SPA for PL1084
6/18/2020 - The Board of Armour Energy wishes to advise that a sale and purchase agreement (Agreement) has been entered into with Australia Pacific LNG Pty Ltd1 (APLNG) for the sale of Armour’s 10% interest in Pe...
Armour Announces Execution of Agreement for Cooper Eromanga Basin Acquisition
6/15/2020 - Further to the previous announcements of 28 May, 1 June and 5 June 2020, the Board of Armour Energy (“Armour”) wishes to advise that the share sale agreement with Oilex Ltd (“Oilex”) for the acquisit...
3D Oil Completes Farmout of T/49P to ConocoPhillips Australia
6/11/2020 - 3D Oil Limited is pleased to announce that TDO’s wholly owned subsidiary, 3D Oil T49P Pty Ltd (the “Company”), has completed the farmout of T/49P to ConocoPhillips Australia SH1 Pty Ltd (“COP”) follow...
Armour Energy Signs HOA for Oilex Australia Assets
6/9/2020 - Further to the previous announcements of 28 May and 1 June 2020, the Board of Armour Energy wishes to advise that agreement has been reached with Oilex Ltd to further defer the date for the satisfacti...
Red Emperor Chooses Not to Acquire Perth Basin Interest
6/8/2020 - The Board of Red Emperor Resources NL, the natural resource exploration company, has taken the decision not to exercise its option to acquire a 70% operated interest in the offshore Perth Basin explor...
Shell Weighs Sale of $2b Stake in Queensland LNG Facilities
6/3/2020 - Shell plc is considering a sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities – a multibillion dollar investment opportunity. The sale process is being run by Rothschild ...
Extension to Armour Agreement
6/1/2020 - Oilex Ltd and Armour Energy Limited have agreed that the date for the satisfaction of the conditions precedent for the proposed sale of all of its interests in the Cooper-Eromanga Basin has been exten...
Santos Completes ConocoPhillips Northern Australia Acquisition
5/28/2020 - Santos is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingen...
Sale of Cooper Eromanga Basin Assets
5/27/2020 - Oilex Limited (Oilex or the Company) is pleased to announce that it has signed a conditional binding Heads of Agreement (HOA) with Armour Energy Limited (Armour), an ASX-listed company (AJQ), for the ...
ConocoPhillips Completes Sale of Interests in Australia-West
5/27/2020 - ConocoPhillips announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total consideration for the sale is unchanged; however, in con...
Farmout of Amadeus Permit EPA 155
5/11/2020 - Mosman Oil and Gas Limited (MSMN) the oil exploration, development and production company, is pleased to announce that it has agreed the terms of a farmout of the EP 155 permit application in Australi...
Carnarvon Increases its Interest in WA-155-P (Outtrim Project)
5/6/2020 - Carnarvon Petroleum Limited advises that it has recently increased its equity to 70% and secured operatorship of the WA-155-P permit (“Outtrim project”). Within WA-155-P exists the Belgravia, Belgravi...
Comet Ridge Awarded ATP 2048 (Mahalo North Block)
4/30/2020 - After being awarded preferred tenderer status in late October 2019 (see ASX release 30 October 2019) Comet Ridge Limited is very pleased to announce it has now met the conditions to be awarded the Aut...
Santos Signs LOI to Sell 12.5% Interest in Barossa to JERA
4/16/2020 - Santos today announced it had signed a Letter of Intent (LOI) to sell a 12.5% interest in Barossa to JERA. JERA already has a 6.1% interest in Darwin LNG. Santos’ signing of the LOI with JERA advance...
Origin Energy Increases Interest in Beetaloo Basin JV with Falcon
4/7/2020 - Origin Energy has agreed with joint venture partner Falcon Oil and Gas to increase its interest in the Beetaloo Basin joint venture by 7.5 per cent in exchange for increasing its carry of Falcon’s sha...

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