Elixir Continues Talks to Acquire 57.5% Stake in WA's Cliff Head Oil Field

Elixir Petroleum Limited, a Perth-based oil and gas exploration firm with operations in the U.S. and France, announced Wednesday that the company and AWE Limited (the Parties) continue to work towards execution of an agreement for Elixir to acquire a 57.5 percent Working Interest in the producing Cliff Head oil field located in the Perth Basin, offshore Western Australia (Acquisition).

Progress continues to be made on a number of key commercial and legal matters that need to be addressed to the satisfaction of all the parties involved.

Elixir Petroleum entered into the agreement to acquire the Cliff Head field, located around 186 miles north of Perth, with AWE in October 2015.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Construction Contracts Analyst
Expertise: Contracts Administration|Legal
Location: Alpharetta, GA
 
Senior Construction Contracts Manager
Expertise: Construction Manager|Legal
Location: Alpharetta, GA
 
Asset Analyst
Expertise: Accounting|Asset Management|Financial Analyst
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours