Acquisitions and Divestitures News in Australia

Octanex Withdraws from Exmouth Plateau Permits WA-362-P & WA-363-P
1/12/2018 - Octanex has advised that it has notified Eni Australia, the operator of exploration permits WA-362-P and WA-363-P, that it will withdraw from the permits. This decision follows notice of Eni’s withdra...
WA-359-P Extension of BP Equity Option
12/13/2017 - Cue Energy Resources Ltd (CUE) is pleased to advise that through its 100% owned subsidiary, Cue Exploration Pty Ltd, it has agreed to extend the 42.5% equity option over exploration permit WA- 359-P...
CERCG Withdraws Indicative Proposal to Acquire 100% of AWE
12/5/2017 - AWE has announced that it has received notice from China Energy Reserve and Chemical Group Australia (CERCG) that it had formally withdrawn its conditional, non-binding indicative proposal to acquire ...
Execution of North West Shelf Farm-In & Call Option Agreements with Cue Energy
11/29/2017 - Beach Energy Ltd (Beach) advises that it has entered into binding agreements with Cue Exploration Pty Ltd, a 100% owned subsidiary of Cue Energy Resources Limited (Cue) to acquire, subject to terms an...
WA Company Snaps Up Equus Gas Project from Hess
11/13/2017 - A newly formed WA company has acquired the undeveloped Equus gas project off the North West from US energy company Hess with a view to supplying domestic gas to the State. ...
INPEX Awarded Exploration Block WA-532-P Offshore Western Australia
11/6/2017 - INPEX CORPORATION (INPEX) announced that INPEX Browse E&P Pty Ltd (INPEX Browse), a subsidiary, was individually awarded an exploration permit for Release Area WA-532-P (the Block) in Australia’s 2016...
Carnarvon Awarded New Permit in the Bonaparte Basin
11/3/2017 - Carnarvon Petroleum Limited (Carnarvon) (CVN) is pleased to inform shareholders that it has been awarded the AC/P62 permit within the Southern Vulcan Sub-basin, situated in the highly prospective Bona...
Vintage Energy to Farm into Comet's Significant Galilee Sandstone Gas Potential
11/1/2017 - Comet Ridge has advised that an agreement to farm-out the Sandstone reservoir sequence of its Galilee Basin permits ATP743, ATP744, and ATP1015 has been executed with Vintage Energy. The farm-out rela...
Armour Energy Awarded Further Roma Shelf Petroleum Acreage Near its Kincora Production Facilities
10/30/2017 - Amour Energy has been successful in the recent Queensland Government petroleum acreage release tender and has been notified by the Queensland Department of Natural Resources and Mines that it is the p...
Pilot Energy Commences Sale Process for Permit WA-507-P
10/19/2017 - Pilot Energy is pleased to announce that the WA-507-P Joint Venture (Pilot Energy 80%) has resolved to market for sale an unencumbered 100% interest in the permit. The sale will allow Pilot to focus o...
Key Petroleum Acquires Perth Basin Permit L7 (R1) in Deal with AWE
10/13/2017 - Key Petroleum has announced that subsequent to the agreement of binding terms for the acquisition of AWE's 100% interest in Production Licence L7 (R1), located in the onshore Perth Basin, the Sale and...
Chevron & Woodside Acquire New Exploration Acreage Offshore Western Australia
10/5/2017 - Chevron Australia has announced that its affiliate has successfully acquired exploration interests in three offshore blocks located in the Northern Carnarvon Basin off the Western Australia coast. ...
Metgasco Farms into Senex & Cooper's Frey-1 Well
9/26/2017 - Metgasco Limited (Metgasco) has entered into agreement with Senex Energy and Cooper Energy Limited (together, the JV Parties) by which, depending on the outcome of drilling and testing, Metgasco will ...
Origin Energy Secures Increased Interest in Otway for Lattice Energy
9/11/2017 - Origin Energy Limited (Origin) has entered into an agreement with Benaris to enable Lattice Energy to acquire Benaris' 27.77 per cent interest in the Otway Gas Project Joint Venture. The acquisition i...
Senex Awarded Surat Basin Acreage for Domestic Gas Supply
9/5/2017 - Senex Energy Limited (Senex) has been successful in the Queensland Government’s domestic gas acreage tender, with first gas targeted for 2019. ...
Finder Farms out WA-520-P in the Carnarvon Basin to Woodside
9/1/2017 - Finder is pleased to announce that it has entered into a farm-out agreement which provides for Woodside to earn a 90% participating interest in Exploration Permit WA-520-P (“the Permit”). The Permit i...
Potential Commercial Areas Granted to Icon Energy over ATP 855
8/29/2017 - Icon Energy has announced that, pursuant to Section 90(1) of the Petroleum and Gas (Production and Safety) Act 2004, the Department of Natural Resources and Mines (DNRM) declared on 25 August 2017 Pot...
AGL Agrees to Sell North Queensland Gas Assets
8/25/2017 - AGL Energy Limited (AGL) has agreed to sell its North Queensland gas assets to a consortium of Shandong Order Gas Co. Ltd. (Shandong) and Orient Energy Pty Ltd (Orient). The assets comprise AGL’s 50 p...
Rawson Agrees Otway Basin Farm-in Deal with Vintage
7/27/2017 - Rawson Oil and Gas Limited “Rawson” has entered into a binding heads of agreement with Vintage Oil and Gas “Vintage" whereby Vintage will acquire a working interest in PEL 155 in the Otway Basin by wa...
Rouge Rock Farms into Offshore Permits AC/P50 & 51
7/26/2017 - Melbana Energy Limited (Melbana) is pleased to provide the following update on its offshore Australian Ashmore Cartier Exploration Permits AC/P50 and AC/P51 (Permits). ...

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