Acquisitions and Divestitures News in Australia

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...
Scarborough Participating Interest Alignment
2/26/2020 - Woodside and BHP have agreed to align their participating interests across the WA-1-R (Scarborough) and WA-62-R (North Scarborough) titles, resulting in Woodside holding a 73.5% interest and BHP holdi...
Doriemus Announces Withdrawal from L15 Farm out with Rey Resources
2/5/2020 - Doriemus has provided a notice of withdrawal of the relevant L15 Farmout Agreement to Rey Resources. The withdrawal ceases the right of Doriemus to earn an interest in L15 and brings the L15 Farmout A...
Sale of Cooper Eromanga Basin Assets
1/29/2020 - Oilex Limited (Oilex or the Company) is pleased to announce that it has signed a binding Heads of Agreement (HOA) with Doriemus plc (Doriemus), an ASX-listed company, for the proposed sale of all of i...
Farm-out Agreement Executed for Cervantes
1/20/2020 - The Board of Metgasco Ltd has executed a re-stated L14 Western Flank farm-out agreement with RCMA Australia Pty Ltd (“Jade”) and Vintage Energy Ltd. ...
Central Appoints Leading Financial Advisor for Farm-Out
1/8/2020 - Central Petroleum Limited (CTP) (“Central”) announces that it has appointed Flagstaff Partners Pty Ltd (Flagstaff Partners) as its advisor for the farm-out of its CY2020 Exploration Programme explorat...
Tap Oil & JV Partners Agreed To Jointly Surrender Interests in WA-34-R
1/6/2020 - Tap Oil Limited (TAP) (Tap or the Company) advises that its 100% owned subsidiary, Tap Bonaparte Pty Ltd, and joint venture partners in the WA-34-R Joint Venture have agreed to jointly surrender their...
Oilex Ltd Extends Acquisition of Cooper Eromanga Licenses
12/16/2019 - Oilex has announced 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 from Senex Energ...
Buru Assumes 100% Equity in 3 Key Canning Basin Exploration Permits
12/5/2019 - Buru Energy Limited has reached agreement with Roc Oil (Canning) Pty Limited (Roc) for Roc to withdraw from its current 50% interest in Canning Basin exploration permits EP 428, EP 436 and EP 391 (the...
Armour & Santos Execute South Nicholson Basin Farm in Agreement  
12/4/2019 - The Directors of Armour Energy Limited refer to the Company’s previous announcement of 14 October 2019 and are pleased to advise that the Company has now executed the South Nicholson Basin Farmin Agre...
Santos Conditionally Exercises Beehive Option
12/4/2019 - Melbana Energy Limited is pleased to advise that Santos Limited (Santos) has validly and conditionally exercised its option to acquire an 80% interest in the Permit containing the Beehive prospect. Th...
Red Emperor Signs Option Agreement to Acquire Large Offshore Block in North Perth Basin
12/2/2019 - The Board of Red Emperor Resources NL, the natural resource exploration company, is pleased to announce that a binding Letter of Intent ("LOI") has been entered into with Pilot Energy Limited and Key ...

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