Falcon's Beetaloo JV partner, Origin Energy has announced its intention to exit all of its upstream exploration permits as part of a strategic decision to focus on cleaner energy and customer solutions. As part of this strategy, Origin has agreed to divest 100% of its interest in the Beetaloo Basin to a JV of Tamboran Resources and Bryan Sheffield for an upfront consideration of A$60m and a 5.5% royalty on future production from Origin's 77.5% working interest. At US$60m the upfront consideratio ....
20 Sep 2022
Cenkos: Falcon Oil & Gas Ltd -- Origin Divests Beetaloo Interest
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Cenkos: Falcon Oil & Gas Ltd -- Origin Divests Beetaloo Interest
Falcon Oil & Gas Ltd. (FOG:LON) | 6.6 -0.1 (-15.1%) | Mkt Cap: 69.2m
- Published:
20 Sep 2022 -
Author:
James McCormack -
Pages:
4
Falcon's Beetaloo JV partner, Origin Energy has announced its intention to exit all of its upstream exploration permits as part of a strategic decision to focus on cleaner energy and customer solutions. As part of this strategy, Origin has agreed to divest 100% of its interest in the Beetaloo Basin to a JV of Tamboran Resources and Bryan Sheffield for an upfront consideration of A$60m and a 5.5% royalty on future production from Origin's 77.5% working interest. At US$60m the upfront consideratio ....