Buru Energy enhances Canning Superbasin presence

Buru Energy has been offered 2 permits, L11-1 and L11-2, onshore Canning Superbasin, Western Australia, by the Department of Mines and Petroleum. Final award of the permits is subject to completion of negotiations. Continue reading here..

Somerton Energy to Acquire Interests in Bonaparte Basin area Permits

Somerton Energy Ltd has secured options to participate in 4 Bonaparte basin petroleum exploration tenements in the Northern Territory, Australia from Beach Energy Ltd. Under the terms of the agreement, Somerton can acquire up to 18% interest in onshore tenements EP 126 and EPA 138 and up to 8.25% interest in offshore tenements EPA 135 and NTC/P10. Continue reading here..

Xtract Energy Review Options for Julia Creek Oil Shale Project

Xtract Energy Plc is reviewing the commercial options available for the exploitation of its oil shale resources in Julia Creek project, Queensland, Australia to make developments attractive to potential commercial partners, as well as creating a bankable project. Continue reading here..

Australia Unconventional Boom – CBM and now Shale

The majors entered Australian unconventional assets, notably, starting 2008. British major BG made the first acquisition in QGC, on the same date exactly 4 years ago when it acquired 9.9% stake in QGC and 20% stake in its CSG assets. This deal was followed by Petronas acquiring 40% interest in Queensland LNG project from Santos for $2.5 billion. Supermajor ConocoPhillips joined the CBM party by acquiring 50% interest in Origin Energy’s CBM assets in Queensland for $8 billion-the largest and the most expensive deal in Australia CBM. Continue reading here..