| Indonesian Government Approval 02 May 2016 | |
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d7ba0f23-6b39-46c5-b49e-bd6e68f56bc4.pdf
2 May 2016
Approval received for sale of Indonesian exploration assets
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Sumbagsel and Merangin III PSCs sale now unconditional
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Completion expected within early June 2016
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Bids for remaining Indonesian asset being evaluated
Cooper Energy (ASX:COE) announces it has received approval from the Government of Indonesia for the sale of its Indonesian exploration assets to Mandala Energy Investment Pte Ltd ("Mandala"), as announced to the ASX February 10, 2016. The receipt of approval satisfies conditions precedent to the transaction, which is now expected to complete within early June 2016.
The transaction involves the sale of Cooper Energy's interests in the Sumbagsel and Merangin III PSCs located in the South Sumatra Basin for consideration of US$8.25 million.
Cooper Energy is currently evaluating bids received for its remaining Indonesian asset, the Tangai-Sukananti KSO production licence. The company previously announced its intention to withdraw from Indonesia in order that resources and focus are concentrated on its growth projects developing Gippsland Basin gas resources.
Further comment and information
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Cooper Energy:
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+61 8 8100 4900
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David Maxwell, Managing Director
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Don Murchland, Investor Relations
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+61 439 300 932
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About Mandala Energy: Mandala is a South East Asia-focused oil and gas exploration and production company backed by leading global investment firm KKR. KKR partnered with Mandala in early 2015 to bring complementary technical and financial capability to regional independent and national operators across the exploration, development and production spectrum in order to drive portfolio growth and maximize asset potential.
Cooper Energy Limited Level 10, 60 Waymouth Street Phone: +61 8 8100 4900 [email protected] 1
ABN 93 096 170 295 Adelaide, South Australia 5000 Fax (Aust): +61 8 8100 4997 www.cooperenergy.com.au
ASX: COE GPO Box 1819, Adelaide SA 5001
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Cooper Energy
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CODE : COE.AX |
ISIN : AU000000COE2 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Cooper Energy est une société basée en Australie. Cooper Energy détient divers projets d'exploration en Tunisie. Son principal projet en exploration est NABEUL en Tunisie. Cooper Energy est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 241,7 millions AU$ (157,5 millions US$, 147,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 avril 2012 à 0,69 AU$, et son plus bas niveau récent le 01 septembre 2023 à 0,11 AU$. Cooper Energy possède 1 140 189 952 actions en circulation. |