Acquisitions and Divestitures News in Australia

Cabot Energy Relinquishes Otway Basin Licence PEL 629
4/9/2019 - AIM-listed Cabot Energy has announced that Ouro Preto Resources, the Company's wholly-owned subsidiary, has reached an agreement with The Department for Energy and Mining of the Government of South Au...
TAG Oil Seeking Farm-in Partner for Australian Assets
4/4/2019 - TAG Oil reports that its current gross daily rate of production is over 1,700 boe/d (80% oil) following the recent successful workover campaign, and has provided a corporate update on its operations i...
Doriemus Signs Farmout Agreement for Block EP 487
3/28/2019 - Highlights • Following execution of the term sheet in relation to EP 487 as announced on 31 December 2018, a wholly owned subsidiary of Doriemus has now executed the Farmout Agreement with a wholly o...
Doriemus Signs West Kora Oil Field Farmout with Rey Resources
3/5/2019 - Block L15 – Farmin: ...
Santos Boosts Operated Position Across Offshore Northern Australia
2/18/2019 - Santos has announced it had reached an agreement to align the company’s interests, under Santos operatorship, across four exploration permits in the Bonaparte Basin offshore Northern Australia adjacen...
Vintage Completes Deal with Beach to Acquire EP 126
2/14/2019 - On 25 January 2019, Vintage Energy Ltd received Ministerial consent, the final condition precedent of the Sale and Purchase Agreement between Vintage and subsidiaries of Beach Energy Ltd (Beach) for t...
Bounty Oil & Gas to Retain its Interest in Sydney Basin Permit PEP 11
2/12/2019 - Bounty Oil & Gas and MEC Resources have provided an update on their Petroleum Exploration Permit 11 (PEP 11), offshore Sydney Basin, joint venture relevant interests. ...
Sacgasco Pulls Out of PEP11 Sydney Basin Deal
2/6/2019 - Sacgasco has determined it does not wish to proceed with the option to acquire RL Energy and its related Farm In arrangement with respect to PEP11 in the offshore Sydney Basin. ...
Pilot Energy to Retain Its Interest in WA-503-P
12/19/2018 - Pilot Energy Limited (PGY) (Pilot Energy) wishes to announce that it will not be proceeding with the sale of its beneficial interest in offshore exploration permit WA-503 P (the Permit) to Black Swan ...
Total Reduces Stake in Ichthys LNG
12/13/2018 - Total has signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia to operating partner INPEX for an overall consideration of 1.6 billion USD. The tr...
Tap Oil Sells WA-33-R Interest to Santos and Quadrant
11/30/2018 - Tap Oil Limited (Tap), consistent with its strategy to monetize and rationalise its Australian portfolio, has entered into a Sale and Purchase Agreement (SPA) for the sale of its 22.474% non-operated ...
Vintage Energy Completes Acquisition of 15% Interest in Galilee 'Deeps'
11/26/2018 - Vintage Energy has announced that documentation has been fully executed for the transfer of a 15% interest in the Galilee Basin Deeps Joint Venture (GBDJV) across ATP 743, ATP 744 and ATP 1015 to Vint...
Sacgasco Secures Option over Multi-Tcf Sydney Basin Permit
11/19/2018 - Sacgasco has secured an exclusive option to acquire 100% of the issued capital of RL Energy. RL previously signed a Farm-in Agreement dated 2 May 2018 with Asset Energy to earn a 60% Working Interest ...
BHP Announces $10.4B Shareholder Return Program
11/1/2018 - BHP plans to return US$10.4 billion to its shareholders through the combination of an off-market buy-back and a special dividend. ...
2017 Offshore Petroleum Acreage Release Permit Awards
10/31/2018 - The 2017 Offshore Petroleum Exploration Acreage Release has been finalised and 7 new offshore petroleum exploration permits have been awarded to oil and gas companies. ...
Cue Energy Announces Conditional Agreement for WA-359-P JV and Ironbark Exploration Well Funding
10/26/2018 - Cue Energy Resources has announced that its 100% subsidiary Cue Exploration, has executed an agreement (Co-ordination Agreement) with BP Developments, Beach Energy and New Zealand Oil & Gas where each...
Cue Energy Announces WA-359-P Farmout and WA-409-P Option Agreements
10/26/2018 - Cue Energy Resources Limited has advised that through its 100% owned subsidiary, Cue Exploration Pty Ltd, it has executed agreements whereby New Zealand Oil & Gas will, subject to certain conditions a...
Whitebark Energy Sells Xanadu Interest to Triangle Energy
10/25/2018 - Whitebark Energy has executed a Sale and Purchase Agreement to sell its 15% interest in TP15 (the Perth Basin permit containing the Xanadu oil discovery) to Triangle Energy (Global) Ltd for $5 million...
Whitebark Energy Sells TP-15 Interest for Up to $5m
10/24/2018 - - Whitebark has executed a Sale and Purchase Agreement to sell its 15% interest in TP-15 to Triangle Energy (Global) Ltd for up to $5m. ...
Advent Energy Acquires Bounty's Interest in Offshore Sydney Basin Permit PEP11
10/16/2018 - Advent Energy subsidiary Asset Energy has exercised the rights to aquire 100% of the participating interest in PEP11, offshore Sydney Basin. Asset Energy has issued a formal notice to former PEP11 joi...

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