One-Page Deal Sheet
Central Petroleum Eyes WI, Operatorship of Australian Asset
Central Petroleum Ltd. Santos Limited
Announced Date
June 05,2015
Effective Date
September 01,2015
Close Date
September 01,2015
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
35
Asset/Basin:
{"Amadeus Basin"}
Location
Region
Austral-Asia
Country
Australia
Transaction Details: Subscribe to see
Central Petroleum Limited has agreed to acquire a 50 percent interest in the Mereenie Oil and Gas Field from Santos Limited and assume Operatorship of the field in the Northern Territory’s Amadeus Basin in Australia. The move will significantly increase Central’s operations and enable Central and Santos to maximize the amount of gas available for the proposed Northern Territory-East Coast gas pipeline (referred to as NEGI). The acquisition is subject to regulatory approvals and completion of the expansion to the existing Macquarie Bank debt facility which are normal for transaction of this…
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