Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) today announced it has agreed to acquire a 50% interest in the Mereenie Oil & Gas Field from Santos Limited and assume Operatorship of the field in the Northern Territory's Amadeus Basin.
Santos (ASX:STO) is one of the leading independent oil and gas producers in the Asia-Pacific region, supplying the energy needs of homes, businesses and major industries across Australia and Asia.
With its origins in the Cooper Basin, Santos has one of the largest exploration and production acreages in Australia and extensive infrastructure and is committed to supplying the domestic markets, unlocking resources and driving value and performance.
Underpinned by a portfolio of high-quality liquefied natural gas (LNG), pipeline gas and oil assets, Santos seeks to deliver long-term value to shareholders.
Santos' foundations are based on safe, sustainable operations and working together with our shareholders, host communities, governments and business partners.
Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) (Central) has been advised by Santos (ASX:STO), the Operator of Amadeus Basin permit EP 125, that it plans to commence re-entry works to complete the evaluation (including logging) of the Mt Kitty 1 exploration well and plug and suspend the well to enable future use of the wellbore.
Beach Energy Limited (ASX:BPT) provide the Monthly Drilling Report for October including domestic Australian and International activities. The full report includes numerical data.
Central Petroleum Limited (ASX:CTP) announced today a joint venture with partner Santos Limited (ASX:STO) (Santos) spending up to A$150 million for the further exploration and potential development of up to 13 permit/application areas in the Amadeus and Pedirka Basins in central Australia.
Beach Energy (ASX:BPT) (PINK:BCHEY) has been advised by the operator of the SACB JV that the Moomba-191 unconventional vertical well has flowed gas at a stable rate of 2.6 MMscfd and peaked at 3.0MMscfd. This adds further credibility to Beach's unconventional program from which it will be drilling Australia's first unconventional horizontal well later in the year.
Beach Energy Limited (ASX:BPT) has been informed by Santos (ASX:STO), the operator of the Tantanna to Moomba oil pipeline, that Santos plans to permanently shut down the Tantanna to Gidgealpa oil pipeline on 1 June 2012. The new Lycium Hub to Moomba trunkline, which will replace the Tantanna pipeline and have an increased capacity of 15,000 bopd, is expected to be operational in Q4 2012
Austin Exploration Limited (ASX:AKK) (OTCQX:AUNXY) today announce that internationally respected petroleum industry executive, Mr Richard Cottee, will join the Company's Board of Directors as Non-Executive Chairman, effective 24 February 2012.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has produced first gas from the PEL106B Joint Venture's Middleton gas production facility. Gas is now flowing to the Moonanga Tie-In Point, at which point the Raw Gas is sold to the South Australian Cooper Basin Joint Venture (Santos (ASX:STO) 66.60%, Delhi Petroleum 20.21% and Origin Energy (ASX:ORG) 13.19%) under a Gas Sale Agreement for the sale of a minimum 3 Billion Cubic Feet of Raw Gas. Initial production rate after ramp up is expected to be 25 MMscf/d comprising about 15 TJ/d sales gas, and 1250 bbls per day of LPG and condensate.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has released a monthly drilling report for December 2011.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has been informed by Santos Ltd (ASX:STO) that the pipeline between the Tantanna facility and the Gidgealpa facility is now back online and is flowing at approximately 5,500 barrels of oil per day ("bopd"). The re-commissioning of the Tantanna pipeline is over two months ahead of Beach's initial expectations.