One-Page Deal Sheet
TAG Oil Acquires PL 17 in Australia's Surat Basin
TAG Oil Ltd. Not Disclosed
Announced Date
October 31,2016
Close Date
January 31,2017
Transaction Type
Acreage
Enterprise Value (EV)($MM)
3
Location
Calculated Metrics( EV/Category)
Region
Austral-Asia
Country
Australia
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - Jan 31 2017
TAG Oil Ltd.’s wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd., has closed the purchase of 100% interest in Petroleum Lease 17 from privately held Southern Cross Petroleum & Exploration Pty Ltd.
PL 17 is an oil and gas production permit and high-value exploration acquisition that covers 104 km2 (25,700 acres) in the Surat Basin, one of Australia’s first producing basins.
It is located in a light-oil discovery trend, and is situated approximately 20 km and on trend with the Moonie Oil Field, which has produced ~25 mmbbl to date.
PL 17 contains…
| Announced Date | Buyer | Seller | Deal Value($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 |
|---|---|---|---|
| Aug-22-2018 | Santos Acquires Aussie E&P Quadrant in $2.8B Deal | - |
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