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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Drillsearch and Real Energy Annouce Australian Shale Partnership

Real Energy Corporation Limited Drillsearch Energy, Ltd.
AnnouncedSep 14, 2011
TypeFarm-In/Farm Out
LocationAustralia Oil & Gas
Announced Date
September 14,2011
Transaction Type
Farm-In/Farm Out




Snapshot
Asset/Basin:
{"Cooper Basin"}
TargetZones:
{"Toolachee Formatio
Location
Region
Austral-Asia

Country
Australia

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Transaction Details:  Subscribe to see

Drillsearch Energy Limited, Sydney, has entered into a farm-in agreement with Real Energy Corporation Limited whereby Real Energy will earn a 50% participating interest and operatorship in ATP 927P and ATP 932P by fully funding the seismic program in each permit.

The seismic program consists of 1,000km of seismic reprocessing of data already acquired in both permits and acquisition of an additional 500km of 2D and 100km2 of 3D in ATP 927P and 650km of 2D and of 150km2 of 3D in ATP 932P.

The farmout of ATP 927P and ATP 932P to Real Energy is subject to the successful capital raising and…



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