Acquisitions and Divestitures News in Australia

New Cooper Basin Search as Government Grants Key Permits to Blue Energy
6/25/2014 - A sparsely explored area of Australia’s Cooper Basin is the focus of a new oil and gas search by Blue Energy Limited following the granting of four key permit areas to the Company by the Queensland Go...
Beach Energy Acquires Interest in Permit T/49P from 3D Oil
6/16/2014 - Beach Energy Limited has executed a binding sale and purchase agreement (“SPA”) for the purchase of a 20% interest in the T/49P offshore exploration permit in the Otway Basin from 3D Oil Limited. In a...
INPEX Awarded Permit to Explore Block WA-504-P
6/13/2014 - Inpex Corporation is pleased to announce that Inpex Browse E&P Pty Ltd, a subsidiary, was awarded an exploration permit for Release Area WA-504-P (the Block). INPEX Browse will hold a 40% participat...
Karoon Enters Agreement for the Sale of Browse Basin Exploration Permits
6/2/2014 - Karoon has entered into a binding Sale and Purchase Agreement with Origin Energy Limited for the sale of the Company’s 40% equity interest in Browse Basin exploration permits WA-315-P and WA-398-P for...
Rey Resources to Farm in to EP437 in Perth Basin
5/29/2014 - Rey Resources Limited has executed an agreement with Key Petroleum (Australia) Pty Ltd, a wholly owned subsidiary of Key Petroleum Limited, and Caracal Exploration Pty Ltd to farm in to Exploration Pe...
Carnarvon Awarded Australian Block
5/29/2014 - Carnarvon Petroleum Ltd is pleased to announce the award of Petroleum Exploration Permit EP-491 (bid block L11-7) on the eastern flank of the prolific oil producing Barrow Sub basin. Carnarvon is Oper...
NT/P68 Farmin Agreement Notice Dates Extended
5/23/2014 - MEO Australia Limited has agreed with Eni Australia Limited (Eni) to extend the notice dates under the NT/P68 Farm-in Agreement (FIA) for the second Heron well and the option for Eni to acquire an add...
Tellus Resources Provides PEL 105 Update
5/21/2014 - Tellus Resources Limited is pleased to announce a number of exciting developments concerning the PEL 105 licence located in the heart of the Cooper Basin in South Australia. TLU presently has a 50% in...
Karoon Farms out 50% of WA-482-P, Carnarvon Basin to Apache 
5/16/2014 - Karoon Gas FPSO Pty Ltd, a wholly owned subsidiary of Karoon Gas Australia Ltd, has entered into a Farm out Agreement to farm out a 50% interest in Carnarvon Basin Exploration Permit WA-482-P (the  Pe...
INPEX Granted Exploration Block WA-502-P Offshore Western Australia
5/16/2014 - INPEX CORPORATION is pleased to announce that its subsidiary, INPEX Browse E&P Pty Ltd, has been granted Release Area WA-502-P (the Block) as an exploration permit following the 2013 Australian Offsho...
Cooper Completes Basker Manta Gummy Acquisition
5/15/2014 - Cooper Energy Limited advises that the transactions to effect the acquisition of a 65% interest in the Basker Manta Gummy oil and gas liquids joint venture (BMG) announced to the ASX on 31 March 2014 ...
Neon Energy Wins Australian Offshore Exploration Permit
5/14/2014 - Neon Energy Limited has been awarded the WA-503-P offshore petroleum exploration permit, as Operator and 100% working interest holder, having successfully bid in the 2013 Australian Offshore Petroleum...
HIREX Signs HOA for 20% in Offshore Licence in Australia
5/12/2014 - HiRex Petroleum Sdn Bhd, a joint venture between Rex South East Asia Ltd, a wholly-owned subsidiary of Rex International Holding Limited in Singapore, Orient Hibiscus Sdn. Bhd., a wholly-owned subsidi...
Bass Strait Oil Divesting Offshore Gippsland Basin Assets
4/10/2014 - Bass Strait Oil Company Ltd has commenced a formal divestment process for its offshore Gippsland Basin portfolio as part of its forward strategy that is focused on delivering best value to shareholder...
AWE Awarded New Exploration Permit Offshore Western Australia
4/9/2014 - AWE Limited has been awarded a new exploration permit offshore Western Australia, WA-497-P (formerly release area W13-18), as part of the Australia 2013 Offshore Petroleum Exploration Acreage Release....
Signs Agreement with MEO for Puka Farm-out
4/7/2014 - Kea Petroleum plc has entered into a Farm-Out Agreement with MEO Australia Ltd in respect of PEP 51153, including the Puka discovery. MEO is an ASX-listed independent oil and gas company with a portfo...
Empire Withdraw from EP 437 Joint Venture
3/31/2014 - Empire Oil & Gas advises that its wholly-owned subsidiary, Empire Oil Company (WA) Limited, will withdraw from EP 437 by agreement with its joint venture partners in the permit, Key Petroleum (Austral...
Roc Oil Exits Basker Manta Gummy (BMG) Field
3/31/2014 - Roc Oil Company Limited has signed a sale and purchase agreement to sell its entire 50% participating interest in the Basker Manta Gummy (BMG) field to Cooper Energy Limited. ...
Central Petroleum Awarded Production Licence in Australia
2/25/2014 - Central Petroleum advises that in a handover ceremony at Parliament House this morning, the Honourable Willem Westra Van Holthe MLA signed Production Licence #6 granting Central Petroleum Ltd its Prod...
Shell Agrees Sale of Downstream Businesses in Australia to Vitol
Shell Agrees Sale of Downstream Businesses in Australia to Vitol 2/21/2014 - Shell announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billio...

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