Acquisitions and Divestitures News in Australia

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...
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...
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 ...
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...
Long Extension for Acquisition of Cooper-Eromanga Licences
4/3/2020 - Oilex Ltd is pleased to announce that the date for the satisfaction of the conditions precedent in regard to the acquisition of 27 Petroleum Retention Licenses (PRLs) in the Cooper-Eromanga Basins fro...
Real Energy & Strata X Granted Project Venus Permit ATP2051
3/26/2020 - Real Energy, an Australian east coast focused gas company with interests in the Cooper and Surat Basins has announced that the Queensland Government has officially granted title to Project Venus permi...
3D Oil Nears Completion of Farm out of T/49P to ConocoPhillips Australia
3/26/2020 - 3D Oil has announced that ConocoPhillips Australia and TDO’s wholly owned subsidiary, 3D Oil T49P have executed a Joint Operating Agreement ('JOA') in relation to the offshore Tasmanian Permit T/49P w...
Santos to Sell 25% Interest in Darwin LNG & Bayu-Undan to SK E&S
3/12/2020 - Santos had agreed to sell a 25% interest in Darwin LNG and Bayu-Undan to SK E&S for US$390 million with effect from 1 October 2019 with customary adjustments on completion.[1] Santos also receives the...
Armour Energy & Australia Pacific LNG JV Awarded PL1084
3/11/2020 - Armour Energy Limited is pleased to announce that the Queensland Department of Natural Resources, Mines and Energy (DNRME) has now granted a Petroleum Production Licence No.1084 (PL1084) over the form...
Santos Fails to Acquire Interest in Melbana's Beehive Prospect
3/4/2020 - Melbana Energy Limited has been advised by Santos Limited that it has not concluded a farm out of an interest in the Permit by 4 March 2020 – the deadline by which it was required to do so. Santos’ op...

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