UIL, Eneabba Extend Deadline to Complete Acquisition of Perth Basin Permits

UIL Energy, a junior exploration company in Australia, announced Monday that the completion date for the Sale of Shares Agreement (SSA) with Eneabba Gas Ltd. to acquire the latter's permit interests in the Perth Basin, Western Australia has been extended to Aug. 31, 2016.

"This extension has been necessary to allow for delays with Department of Mines and Petroleum (DMP) in the processing of the transfer of the Ocean Hill permit to Eneabba, being a precondition for completion of the salwe agreement with UIL Energy."

Eneabba Gas entered into the SSA in February for the sale of its exploration interests in the Perth Basin, including 100 percent of the Ocean Hill project and 50 percent interest in EP447 to UIL Energy.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Hurricane Spuds North Sea Halifax Well... (Jan 16)
 -  Inpex, ADNOC Agree to Extend Offshore ... (Jan 16)
 -  Jesse Norman to Take on Full Energy Br... (Jan 13)
 -  CNOOC Starts Penglai 19-9 Output (Jan 13)
 -  Report: CHC to Shut Down Bergen Base, ... (Jan 13)


Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Director - Midstream Services
Expertise: Business Development|Operations Management
Location: Houston, TX
 
United States Houston: Senior Product Champion
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
United States Houston: Engineering Project Manager
Expertise: Project Management
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours