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ARTICLE · 25 JULY 2013

Energy sector update: July 2013 edition

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

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This update is a summary of recently completed deals, market rumours and opportunities, and relevant regulatory updates.

AustraliaEnergy and Natural Resources
Michael MacGinley
Michael MacGinley
Bruce Adkins
Bruce Adkins
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INTRODUCTION

Welcome to the July 2013 edition of the Australian Energy Sector Update, a monthly publication prepared by Corrs Chambers Westgarth for clients who are interested in the Australian energy industry.

This publication brings together a brief summary of information on recently completed deals, market rumours and potential opportunities, and relevant regulatory updates.

RECENT ANNOUNCEMENTS

On 13 June 2013, ASX-listed Orca Energy Limited announced it will sell its 20% participating interest in PEL 115 in South Australia to ASX-listed Senex Energy Limited in exchange for a A$7 million package of benefits. Orca will retain its 20% interest in the Fury oil discovery and the Burruna-1 oil well, two key assets within PEL 115.

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