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Santos considers stake sale in Dorado field offshore Australia

Santos considers stake sale in Dorado field offshore Australia 8 April 2021 (Last Updated April 8th, 2021 15:26) Energy firm Santos is reportedly planning to divest a stake in the Dorado field and the exploration portfolio in Bedout Basin offshore Australia. The Dorado is estimated to hold 150 million barrels of contingent 2C oil resources. Credit: Anita Stachurski / Pixabay. Share Article Energy firm Santos is reportedly planning to divest a stake in the Dorado field and the exploration portfolio in Bedout Basin offshore Australia. As part of the plan, the company has selected Goldman Sachs to sell a 20%-30% interest in the Dorado development, Reuters reported citing a sales document of Santos.

Proactive weekly oil and gas highlights: 88 Energy Ltd, Harbour Energy Plc, Zephyr Energy PLC, Westmount Energy Ltd, Advance Energy PLC, Touchstone Exploration Inc, Tower Resources PLC, Union Jack Oil PLC, Deltic Energy PLC

Proactive weekly oil and gas highlights: 88 Energy Ltd, Harbour Energy Plc, Zephyr Energy PLC, Westmount Energy Ltd, Advance Energy PLC, Touchstone Exploration Inc, Tower Resources PLC, Union Jack Oil PLC, Deltic Energy PLC
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.

Timor Leste: Carnarvon s Buffalo project advancing to drilling

Timor Leste: Carnarvon s Buffalo project advancing to drilling 01 Apr 2021 farm out of the Buffalo project to Advance Energy and the Buffalo 10 well. Advance Energy has, subject to shareholder approval, successfully raised the capital to acquire a 50% interest in the Buffalo project. In return Advance Energy will fund the Buffalo-10 well on a free carried basis up to a cap of US$20m. This means the drilling will be at no cost to Carnarvon unless the well costs more than US$20m. The transaction has been approved by the government of Timor-Leste. It is expected that the transaction will complete after Advance Energy receives shareholder approval, which is scheduled for mid-April 2021.

Advance Energy to acquire 50% stake in Buffalo project offshore Timor-Leste

Advance Energy to acquire 50% stake in Buffalo project offshore Timor-Leste 1 April 2021 (Last Updated April 1st, 2021 16:10) UK-based Advance Energy raised capital to acquire a 50% interest in the Buffalo project located offshore Timor-Leste. The Buffalo oil field is located in the Bonaparte Basin, offshore Timor-Leste. Credit: kmans / Pixabay. Share Article UK-based Advance Energy raised capital to acquire a 50% interest in the Buffalo project located offshore Timor-Leste. Carnarvon Petroleum Timor, a unit of Carnarvon Petroleum, owns 100% interest in the Buffalo Production Sharing Contract (PSC). Advance Energy will purchase the stake by taking 50% interest in Carnarvon Petroleum Timor. On a free carried basis, Advance Energy will fund the Buffalo-10 offshore well for up to a cap of $20m.

Timor Leste: Carnarvon provides Buffalo farm out update

Timor Leste: Carnarvon provides Buffalo farm out update
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