Acquisitions and Divestitures News in Australia

Acquisition of 12% Interest in Bullseye Project
12/31/2010 - The board is pleased to advise that Golden Gate Petroleum (GGP) has acquired an additional 12% interest in the Bullseye Project from Eastern Advisors Capital Limited who had originally obtained their ...
Anglo American Completes Sale of Coal Assets
12/23/2010 - Anglo American plc announces that it has completed the sale of its interests in five undeveloped coal assets in Australia to a consortium composed of Korea Electric Power Corporation, POSCO and Cockat...
Otway Permit (PEL495) Farm Out to Beach Energy
12/23/2010 - We are pleased to inform shareholders that the Company has farmed out 35% of PEL495 in the Otway Basin, onshore South Australia. ...
Receiving Approval for Permits AC/P50 & AC/P51
12/22/2010 - MEO Australia Limited has been advised that the Delegate of the Designated Authority for the Territory of Ashmore and Cartier Islands offshore area has approved the acquisition by MEO of a 100% intere...
ROC Sells Interest in Offshore Carnarvon Basin
12/20/2010 - Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, has agreed to sell its 20% interest in WA-351-P, offshore Carnarvon Basin, Western Australia, to Woodside Energy Ltd for US$15.75 million su...
Total Increases its Interest in the GLNG Project
12/17/2010 - Total announced the signature of an agreement to acquire an additional 7.5% interest in Australia’s GLNG (Gladstone LNG) project from Santos for an amount of US $281.25 million. This will increase Tot...
Acquiring Working Interests in PEL 88 and PEL 100
12/16/2010 - Victoria Petroleum is pleased to advise that it has executed a Sale and Purchase Agreement with Traditional Oil Pty Limited (Traditional) to acquire all of Traditional’s 50 % working interest in PEL 8...
Exoma Signs $50m Agreement With CNOOC Over Gas Assets
12/9/2010 - Exoma Energy Limited executed a Farmin Agreement, in Beijing, with one of China’s leading integrated energy companies, China National Offshore Oil Corporation, through one of its subsidiaries in Austr...
BHP May Eye Oil & Gas if Potash Bid Dies
11/5/2010 - BHP Billiton's blocked bid for Potash Corp has spurred talk that the miner will now focus on oil and gas targets such as Australia's Woodside Petroleum, but some analysts are sceptical. ...
Woodside Increases Equity in Permit WA-404-P
10/29/2010 - Woodside advises that it has entered into a Sale and Purchase Agreement to acquire a 50% participating interest in exploration permit WA-404-P, offshore Carnarvon Basin, Western Australia from Hess Ex...
MEO Completes Acquisition of 5% Interest in WA-360-P
10/22/2010 - MEO Australia Limited is pleased to advise completion of the final step in acquiring an additional 5% interest in WA-360-P with the payment of US$5.5 million to Rankin Trend Pty Ltd (a wholly owned su...
Sale of 75% Interest in Retention Lease R3
10/19/2010 - Tap Oil Limited is pleased to advise that it has agreed to sell its 75% interest in the R3 Retention Lease in the offshore Carnarvon Basin, Western Australia to Oil Basins Limited (OBL). The terms of ...
MEO Receives US$39 mn Cash from Petrobras
10/15/2010 - MEO Australia Limited is very pleased to confirm receipt of approximately US$39 million cash consideration from Petrobras in relation to the WA-360-P farm-in. The cash consideration incorporates appro...
Key Condition of Timor Sea Farm Out Satisfied
8/10/2009 - Oilex Ltd is pleased to advise that an important approval has been received from the JPDA Designated Authority for an extension to the first term of the Production Sharing Contract (PSC) covering the ...
Nexus and Shell Agree Major Farm-in for Echuca Shoals
10/26/2006 - Nexus Energy Limited has signed Heads of Agreement (HOA) with ShellDevelopment (Australia) Pty Ltd agreeing the key commercial principles for the two companies to jointly commence the appraisal of the...
Farm-Out of South Australian, Cooper/Eromanga Basin Permits
10/18/2005 - Strike Oil Limited has entered into a Farmin Agreement with Advent Energy Limited (“Advent”) whereby Advent will be earning an interest in both PELA 71 and PELA 96 operated by Strike Oil in the South ...
Victoria Petroleum NL Farms Out Interest in Eagle North-1 Drilling to Empyrean
10/17/2005 - Empyrean Energy PLC has entered into a farmin agreement with Victoria Petroleum NL and a private US interest whereby Empyrean Energy PLC, by contributing 55% of the costs of the drilling, testing and ...

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