AEMO Report

Vintage finds Bonaparte JV partner

The two companies have executed a binding heads of agreement that will see Firetail earn a 10 per cent interest in the permit, located in the Northern Territory’s onshore Bonaparte Basin. Vintage will
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Blue Energy: Labor funding a “game-changer”

Last week, Bill Shorten announced Labor would scrap the Northern Australia Infrastructure Fund if victorious at the upcoming election and replace it with a new fund which would see $1.5
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Buru plans 2019 drilling program

Buru completed its drilling operations at the Canning Basin field this month, with the DDGT1 rig that was used now demobilised. The company is now planning for
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Oil and gas increases tax contribution

Data released by the Australian Petroleum Production and Exploration Association (APPEA) reported that despite a record operating loss in 2016-17, oil sales and gas revenue had increased 42 per cent since
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NWS signs gas deal with Browse, Chevron

The non-binding preliminary agreements will see the gas from the Browse JV and Chevron’s Clio-Acme fields processed through the North West Shelf (NWS) facilities on Western Australia’s Burrup Peninsula.
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Dorado rig on the way

The jack up drilling rig is expected on location in mid-May, with drilling anticipated to begin by the end of the month. The well is
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Advent Energy bags title extension

The Year 5 permit work commitment completion date has also been suspended until 31 March 2020, with the well management plan, environmental plan and safety case to be submitted prior to 28 September 2018.
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Oil hits US$70 a barrel

The Organisation of Petroleum Exporting Countries (OPEC) cutting their production rates also led to the Brent crude rising as much as 1.2 per cent
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Vintage farms-in to the Galilee

The farm-out relates to only to the “˜Deeps Area’ within each of the petroleum blocks, which is defined as including all strata commencing underneath
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