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

One-Page Deal Sheet

Magellan Petroleum Rationalizes Amadeus Basin Properties

Magellan Petroleum Corp Santos Limited
AnnouncedMay 31, 2012
TypeProperty
Announced Date
May 31,2012
Effective Date
July 01,2011
Close Date
May 25,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
23




Snapshot
Asset/Basin:
{"Amadeus Basin"}
Location
Region
Austral-Asia

Country
Australia


Transaction Details:  Subscribe to see

Portland, Maine, September 15, 2011 – Following the farm out to Vaalco of the deep formations in the Poplar fields in Montana, USA on September 6, 2011, Magellan Petroleum Corporation (the “Company” or “Magellan”) (NASDAQ: MPET) (ASX: MGN) has entered into an agreement to complete the rationalization of its asset portfolio in the Amadeus basin, Australia. Subject to customary approvals, the Company will acquire the remaining interest in the Palm Valley and Dingo fields, will sell its interest in the Mereenie field, and the Company has also entered into a long term gas sale agreement for its…

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