Announced
Completed
Financials
Sources
Tags
petroleum tenements
Friendly
Domestic
Integrated Oil and Gas
Australia
Acquisition
Single Bidder
Private
Majority
Completed
Synopsis
Empire Energy, an energy oil and natural gas exploration company, completed the acquisition of an 83% stake in five tenements across the Beetaloo Sub-basin onshore Northern territory from Pangaea Resources, an independent exploration and production company, for c.$55m. The acquisition is subject to Empire shareholder and Northern Territory government approvals. Completion is expected in June 2021.
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