Global Infrastructure SherpaOrigin Energy Agrees to Sell Beetaloo Basin Interests to Tamboran Resources
Tamboran Resources will acquire Origin Energy's interests in the Beetaloo Basin, including a 77.5% working interest in EP 117 and a 100% working interest in EP 76, for up to $60 million. The deal allows Origin to focus on its clean energy transition.
Counterparts (2)
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Tamboran (B1) is 50-50 owned by Tamboran Resources and its substantial shareholder Bryan Sheffield. Origin will also receive a 5.5% royalty based on wellhead revenues produced from the three permits from Tamboran (B1). Falcon holds a pre-emptive right to acquire a 77.5% stake in the Beetaloo Basin JV, from Origin.
"Origin Energy has agreed to divest its 100% interest in oil and gas assets in the Beetaloo Basin located in the Northern territory, Australia to Tamboran (B1)."
"Origin Energy has agreed to divest its 100% interest in oil and gas assets in the Beetaloo Basin located in the Northern territory, Australia to Tamboran (B1)."
"Currently, Origin holds a 77.5% operatorship stake in a joint venture with Falcon Oil and Gas Australia (22.5%) for exploring for shale gas across three permit areas (EP 76, 98 and 117) in the Beetaloo Basin."
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