One-Page Deal Sheet
Exoma Energy Announces CNOOC Unable to Complete Farm-in
CNOOC Limited Exoma Energy Limited
Announced Date
January 02,2013
Close Date
December 31,2012
Transaction Type
Corporate
Asset/Basin:
{"Galilee Basin","Eromanga Basin"}
Location
Region
Asia - Pacific
Country
China
Transaction Details: Subscribe to see
Exoma Energy Limited advises that CNOOC Galilee Gas Company Pty Ltd (CNOOC) has informed Exoma that it has been unable to obtain the remaining Chinese Government approvals to the Supplemental Farmin Agreement and Subscription Agreement between Exoma and CNOOC announced 10 September 2012.
Accordingly, both Agreements lapsed on 31 December 2012 and CNOOC’s additional investment in Exoma as previously announced will not proceed.
The Board is considering the impact of the CNOOC investment in the Company not proceeding as planned and envisages further discussions with CNOOC about ways of working…
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