Acquisitions and Divestitures News in Australia

Beach Expands Cooper Basin Portfolio
11/3/2020 - Highlights
• Beach to acquire Senex Energy’s Cooper Basin portfolio of assets
• Following completion, Beach to be sole operator in the Western Flank and associated infrastructure
• Con...
Tag Oil Announces Closing of Sale of Australian Assets and Operations
10/30/2020 - TAG Oil Ltd. it has closed its previously announced sale of its Australian subsidiary, Cypress Petroleum Pty Ltd., which holds the Company’s 100% working interests in PL 17, ATP 2037, and ATP 2038 (co...
September 2020 Quarterly Activities Report
10/30/2020 - Highlights
• Mahalo Gas Project awarded two Petroleum Leases by the Queensland Government.
• Two new gas blocks (Mahalo East and Mahalo Far East) competively awarded to Comet Ridge by the ...
Cliff Head Reserves Update & Commencement of Farm out
10/29/2020 - Highlights
• Cliff Head Reserves Review completed:
o 2P economic field life extended to mid-2026 with 2P reserves of 1.13 MMstb (net TEG)
• Farmout campaign for Cliff Head satellite ...
Terra Nova Divests Remaining Interest in the Cooper-Eromanga Basin
10/23/2020 - Terra Nova Resources Inc. has received notice from Armour Energy Limited that Armour intends to exercise its option right (the “Option Right”) to acquire the Company’s remaining 20.6667% participating...
Completion of Share Sale & Purchase Agreement with Oilex Ltd
10/16/2020 - The Directors of Armour Energy refer to the Company’s previous announcements of 15 June 2020 and 15 September 2020, and wish to advise that completion of the CoEra Share Sale and Purchase Agreement (S...
TAG Oil Announces Sale of Australian Assets and Operations
10/14/2020 - TAG Oil Ltd. has entered into a definitive purchase and sale agreement dated October 14, 2020, with Australian-based Luco Energy Pty. Ltd. (“Luco”), a company owned by Ilwella Pty. Ltd. and AJ Lucas S...
ATP 2061 Mahalo East Awarded Soon after Recent Bid Win
9/28/2020 - Comet Ridge Limited is pleased to announce that following the Company’s selection by the Queensland Government as preferred tenderer for two additional gas blocks, which was announced early last week...
Comet Ridge Mahalo Gas Hub Position Significantly Expanded with Double Block Win
9/21/2020 - Comet Ridge Limited is excited to announce that the Company has been selected by the Queensland Government as preferred tenderer for two additional gas blocks, in the highly sought after and emerging ...
Armour Announces Extension to Arrangements with Oilex Assets
9/15/2020 - Further to the previous announcement of 15 June 2020, Armour Energy has advised that agreement has been reached with Oilex to defer the date for the satisfaction of conditions precedent under the Shar...
Strike Completes Farm out of Walyering Perth Basin to Talon Petroleum
9/14/2020 - - Definitive documentation for farmout to Talon Petroleum executed.

- Walyering appraisal well to be added to CY21 Perth Basin drilling program.

Farmout

Strike ...
Oilex Provides Update on Armour Share Purchase Agreement
9/14/2020 - Oilex Limited has agreed to amend the Share Purchase Agreement (SPA) with Armour Energy Limited, as announced on 15 June 2020, for the proposed sale of all of its interests in the Cooper-Eromanga Basi...
Pilot Energy to Acquire Key Petroleum's Interest in Perth Basin Permit
9/8/2020 - Pilot Energy and Key Petroleum have agreed to rationalise the ownership of WA 481-P with Pilot Energy to acquire a 40% interest in Offshore Petroleum Exploration License WA-481-P.

Highli...
Whitebark Launches Sale / Farm out Process for Warro Gas Field
9/2/2020 - Whitebark Energy has commenced a formal process for its Warro Gas Project. The process commencement is a culmination of a strategic review of the asset over the last 12 months together with increa...
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...
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...
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.

A...
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...

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