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?
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.
- Waitsia Gas Project Exceeds Pre-Production Expectations (Dec 22)
- Waitsia JV Approves 2017 Development Activities Budget (Dec 09)
- AWE Commences Gas Sales from Stage 1 of Waitsia Gas Project in Perth Basin (Aug 29)
Company: Elixir Petroleum Ltd. more info
- Triangle Energy Buys Cliff Head Oil Field Offshore Perth Basin for $2.4M (Jun 21)
- AWE Scraps Plans to Sell Cliff Head Oil Field in WA's Perth Basin to Elixir (Jun 16)
- Elixir Continues Talks to Acquire 57.5% Stake in WA's Cliff Head Oil Field (Mar 16)