Novus Petroleum Company News

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Novus Louisiana Changes Name, Appoints New President
Wednesday, March 22, 2006Novus Louisiana, a wholly owned subsidiary of PT Medco Energi Internasional Tbk, has changed its name to Medco Energi US.

Santos to Acquire Some Novus Assets from PT Medco
Monday, June 07, 2004Santos Limited announced that, given Sunov's decision not to proceed with its bid for Novus Petroleum Limited (Novus), Santos has agreed with PT Medco Energi Internasional Tbk (Medco) to acquire part of Novus' Indonesian interests and all of Novus' Cooper Basin interests.

Beach Spuds Reg Sprigg West-1 Well
Monday, May 17, 2004Beach Petroleum reports that the Reg Sprigg West-1 exploration well in the South Australian Cooper Basin was spud over the weekend.

Oman to Use New Technology to Reverse Decline in Production
Tuesday, March 30, 2004Oman is well on target to reverse oil production decline with new discoveries and state-of-the-art drilling technologies in an effort to gradually increase output from 2005.

Santos May Acquire Novus' Indonesian & Cooper Basin Assets
Monday, March 08, 2004Santos Limited has entered into an agreement with Sunov Petroleum Pty Ltd (the Crosby Capital Partners/Dr. Bob Williams bid vehicle) (Sunov) to acquire Novus Petroleum's (Novus) Indonesian and Cooper Basin assets.

Australian Govt Approves Medco's Planned Novus Takeover
Friday, February 06, 2004The Australian government said Friday it has no objections to the planned acquisition of Novus Petroleum Ltd. by Indonesia's Medco Energi Internasional.

Medco To Decide On Raising Novus Bid Early February
Friday, January 23, 2004PT Medco Energi International will decide early February whether it will raise its takeover offer for Australia's Novus Petroleum Ltd.

Medco May Sell Assets, Cut Staff After Takeover
Wednesday, January 21, 2004Medco Energi International said Wednesday it may sell some assets and lay off staff at Novus Petroleum if it successfully takes over the Australian energy company.

Novus Says Rival Bids Both Below Valuation Range
Wednesday, January 21, 2004Novus Petroleum said Wednesday that an independent report prepared by Grant Samuel has valued the company's shares between A$1.96 and A$2.75.

Medco May Up Takeover Bid for Novus
Thursday, January 15, 2004Medco Energi International may raise it takeover bid for Australia's Novus Petroleum Ltd. to beat rival offers for the mid-sized oil and gas company.

Australia's Takeovers Panel Considers Novus Bid Claim
Wednesday, January 07, 2004Australia's Takeovers Panel may meet as early as Wednesday to consider a claim by Novus that an A$326 million hostile takeover bid by Medco Energi doesn't provide enough disclosure to shareholders.

Novus Completes Purchase of Offshore Louisiana Assets
Tuesday, December 30, 2003Novus has finalized its deal to acquire the 100% working interest in East Cameron blocks 317 and 318, offshore Louisiana and the 79% WI in Main Pass blocks 64 and 65, offshore Louisiana.

Novus To Commence US Deep Shelf Gas Drilling
Tuesday, December 23, 2003The first well of the renewed exploration drilling campaign looking for deep shelf gas beneath Padre Island, Texas, is about to commence with the La Playa Mid Frio Unit #1 Well on the La Playa Deep prospect.

Novus Begins Brantas Drilling Program in East Java
Monday, December 22, 2003A drilling campaign in the Brantas PSC, located in East Java, Indonesia, has commenced with the spudding of Wunut-7.

Novus Restructures Padre Island Project
Monday, June 02, 2003Novus Petroleum has revealed plans to simplify its interest in its Padre Island Project off the coast of Texas.

Magellan Drills Duster at Gregory River
Monday, May 19, 2003Magellan Petroleum reports that the Gregory River-3 ST 1 well has been plugged and abandoned as a dry hole.

Novus Makes Louisiana Gas Discovery
Tuesday, May 13, 2003Novus Petroleum reports that the NUL 13-1 well in Louisiana has logged 50 feet of gas pay.