Acquisitions and Divestitures News in Australia

Bass Farmin Gippsland Permit for Cooper Energy
7/31/2013 - Cooper Energy Limited (Cooper Energy) reports that the farmin agreements with Bass Strait Oil Company Limited (BAS) announced on 5 July 2013 have now been executed by both parties. ...
WA-454-P Farm-out Agreement Executed with Origin Energy
7/22/2013 - MEO Australia Limited advises that its wholly owned subsidiary Drysdale Offshore Exploration Pty Ltd (Drysdale) has executed a binding farm-out agreement (FOA) in relation to WA-454-P with Origin Ener...
PetroFrontier Obtains Approvals for Amended Farmin Agreement
7/19/2013 - PetroFrontier Corp. is very pleased to announce that the Foreign Investment Review Board of Australia (“FIRB”) has no objection to, and the TSX Venture Exchange (“TSXV”) has conditionally approved, th...
MEO Resources Farming out Beehive Prospect in WA-488-P
7/15/2013 - MEO Australia has completed its assessment of the Beehive prospective resource estimates in its recently awarded, 100% owned WA-488-P. ...
Cue and BHP Increase Interest in Carnarvon Basin Permit WA-389-P
7/5/2013 - Cue Energy Resources is pleased to announce that subject to the necessary regulatory approvals, it has agreed to increase its interest from 35% to 40% in WA-389-P in the Carnarvon Basin, Western Austr...
Cooper to Acquire Vic P/41 Interests from Bass Company
7/5/2013 - Cooper Energy Limited (Cooper Energy) advises that it has entered into non-binding agreements to acquire substantial interests in the prospective and well-located offshore Gippsland Basin permits Vic/...
CPC Acquires Interest in Ichthys LNG Project from INPEX
6/27/2013 - INPEX has reached agreement for INPEX Ichthys and other project group companies to transfer 2.625% of the Ichthys LNG Project equity interest to CPC Corp, Taiwan. ...
Bengal Announces Increase Interest in Permit ATP 752P to 30.357%
6/26/2013 - Bengal Energy is pleased to announce that it has exercised its pre-emptive right to purchase an additional 5.357% interest in the Cuisinier Oil Field and the Authority to Prospect ("ATP") 752P in the ...
INPEX Granted Exploration Block WA-494-P
6/11/2013 - INPEX CORPORATION (INPEX) is pleased to announce that INPEX has been granted the Permit WA-494-P (the Block) at the Australian Offshore Petroleum Acreage Release 2012, through its subsidiary INPEX Bro...
Senex Sells Its Interest in ATP 752 & PL 303
6/6/2013 - Senex Energy has entered into an agreement to sell its 15% interest in the Santos operated Cuisinier oil field (PL 303) and its interests in ATP 752 (15% Barta Block and 17.5% Wompi Block) for $20 mil...
Tap Oil Farmout WA-320-P / WA-155-P Permits
6/4/2013 - Tap Oil Limited is pleased to announce that its wholly owned subsidiary Tap (Shelfal) Pty Ltd has entered into an agreement with JX Nippon Oil and Gas Exploration (Australia) Pty Ltd to farmout a port...
3D Oil Awarded Permit Adjacent Thylacine Gas Field
5/24/2013 - 3D Oil Limited is pleased to advise it has been awarded a new exploration permit, T/49P in the offshore Otway Basin of Tasmania, bid on in 2012 Australian Offshore Gazettal round. ...
MEO Awarded Bonaparte Basin Exploration Permit WA-488-P
5/23/2013 - MEO Australia Limited advises that it has has been awarded a new exploration permit, WA-488-P in the Bonaparte basin, as part of the 2012 Gazettal Round. MEO will hold 100% interest in the permit. ...
Beach Agreed with Bengal to Farm-in to 50% of ATP 732
5/23/2013 - Beach Energy Limited and Bengal Energy Limited have agreed the key terms of a farm-in to explore for oil in ATP 732 (“Tookoonooka”). Subject to completion of the necessary documentation and appropriat...
IPB Petroleum Awarded Permit WA-485-P in Australia
5/20/2013 - IPB Petroleum Limited “IPB” is pleased to announce that the Commonwealth–Western Australia - Offshore Petroleum Joint Authority granted to IPM West Pty Ltd (a wholly owned subsidiary of IPB Petroleum...
Statoil Farms into Offshore Exploration Acreage in Australia
5/14/2013 - Statoil has signed a farm-in agreement with BP, acquiring a 30 percent equity share in four exploration licences offshore South Australia. ...
Beach Completes Farm-in with Chevron in Nappamerri Trough
5/13/2013 - All conditions precedent for the transfer to Chevron of initial Beach interests in PEL 218 and ATP 855 have been satisfied. Cash payments by Chevron to Beach relating to the initial farm-in have been ...
BG Signed Binding Agreements of $1.93Bln for QCLNG Stake Sale
BG Signed Binding Agreements of $1.93Bln for QCLNG Stake Sale 5/6/2013 - BG Group announced it has signed binding agreements with China National Offshore Oil Corporation (CNOOC) for the sale of certain additional interests in the Queensland Curtis LNG (QCLNG) project in Au...
Bass Strait Increases Interest in Gippsland Permit Vic/P41
4/23/2013 - Bass Strait Oil Company has increased its participating interest in the exploration permit Vic/P41 in the offshore Gippsland Basin. On 21 March 2013 Moby Oil and Gas announced it had negotiated final ...
Oilex Awarded Canning Basin Permit
4/19/2013 - Oilex Ltd is pleased to announce that it has accepted an offer for Special Prospecting Authority (SPA)-0055 which covers acreage in the onshore Canning Basin of Western Australia. SPA-0055 encompasses...

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