One-Page Deal Sheet
Senex Picks Up Cooper Basin Operatorship via Farm-In Deal
Senex Energy Ltd. Tellus Resources Ltd.
Announced Date
September 11,2013
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Cooper Basin"}
TargetZones:
{Birkhead,Hutton,Too
Transaction Details: Require Private Equity Subscription
Tellus Resources Ltd. and its wholly owned subsidiary PNC AUST Pty Ltd. have agreed to a farmout arrangement with Senex Energy Limited in its PEL 105 tenement in the Cooper Basin, South Australia.
The terms of the deal are summarized as:
1. Upon signing ofthe legally binding HOA, PNC transfers a 50% interestin PEL 105 to Senex. The transfer is subject to Ministerial approval as well as both parties completing all the terms of the HOA summarized below.
2. PNC continues with preparations to commence the drilling of Pirie 1. PNC cash calls Senex for $3.5M to contribute to the costs of drilling…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-08-2021 |
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| Oct-14-2020 |
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| Dec-18-2019 |
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| Oct-14-2019 |
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| Oct-01-2018 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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