UIL to Complete Acquisition of Eneabba's Perth Basin Permit Interests Soon

UIL Energy Ltd., a junior exploration company, revealed Friday that the company indicated that the completion of the acquisition of Eneabba Gas Ltd.'s Perth Basin permit interests in Western Australia will be completed shortly.

The completion of the transaction hinges on the satisfaction of certain conditions including the transfer of the Ocean Hill permit (EP 495) from Black Rock Mining to Eneabba Gas' subsidiary Ocean Hill Pty Ltd.

"This transfer application is currently underway with the Department of Mines and Petroleum (DMP) and the company has been advised that the transfer will likely be completed shortly," UIL Energy said in the press release.

Eneabba Gas signed the agreement in February to dispose 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
 -  Wood Group Engineers to Carry Out Sakh... (May 22)
 -  Sentinel Marine Takes Delivery of New ... (May 22)
 -  Schlumberger Signs MoU with Saudi Aram... (May 22)
 -  BP Staff Raise Money for 4 Charities w... (May 19)
 -  Norwegian Production Drops Month-on-Mo... (May 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
EH&S Compliance Coordinator
Expertise: Environmental Engineer|Regulatory Compliance
Location: Houston
 
Logistics Analyst I (Road) - Direct Hire
Expertise: Logistics Management
Location: Houston, TX
 
Logistics Analyst II (Road) - Direct Hire
Expertise: Logistics Management
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