One-Page Deal Sheet
Beach Energy Sells Oil Permit Interests in Australia's Cooper Basin
Bridgeport Pty Ltd. Beach Energy Limited
Announced Date
August 03,2016
Transaction Type
Working Interest
Asset/Basin:
{"Cooper Basin"}
Location
Region
Austral-Asia
Country
Australia
Play
Production Production
Transaction Details: Subscribe to see
Beach Energy Ltd. has entered into a binding Sale and Purchase Agreement with Bridgeport (Cooper Basin) Pty Ltd in relation to the sale of various operated oil permit interests within the greater Kenmore‐Bodalla area. These mature oil fields comprise Beach’s only operated production in the Queensland area of the Cooper Basin. In Q4 FY16 they contributed net production of 30 kbbl.
The transaction is expected to complete by the end of Q2 FY17 and is subject to various conditions precedent, including joint venture consents and Queensland Government approvals. Transaction terms remain…
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