1. Home >
  2. M&A >
  3. Stake Purchase >
  4. Australia >
  5. Drillsearch Energy and Santos Invest In PEL 570 Mudlalee Project

Investment Summary

Drillsearch Energy and Santos Invest In PEL 570 Mudlalee Project

On January 31, 2013, Drillsearch Energy and Santos invested in oil/gas exploration company PEL 570 Mudlalee Project

Investment Highlights
  • This is Drillsearch Energy’s 2nd and Santos’ 4th transaction in the Oil/Gas Exploration sector.
  • This is Drillsearch Energy’s 2nd and Santos’ 3rd transaction in Australia.

Investment Summary
Date 2013-01-31
Target PEL 570 Mudlalee Project
Sector Oil/Gas Exploration
Investor(s) Drillsearch Energy
Santos
Deal Type Stake Purchase

Target

PEL 570 Mudlalee Project

Australia
PEL 570 is as an oil and gas project covers approximately 2400 square kilometers located in Cooper basin in the South Australia.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Drillsearch Energy

Sydney, Australia
Category Company
Founded 1985
Sector Oil/Gas Exploration
Revenue 251M AUD (2015)
DESCRIPTION

Drillsearch Energy, Ltd. is an oil and gas explorer and producer focused on the highly-prospective Cooper-Eromanga Basin. Drillsearch Energy was formed in 1985 and is based in Sydney, Australia.

DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Australia M&A 2 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 Acer Energy

Brisbane, Australia

Acer Energy Ltd. provides energy services engages in the identification, exploration, and development of oil and gas properties.

Buy -
Investor

Santos

Adelaide, Australia
Category Company
Founded 1954
Sector Oil/Gas Exploration
Employees3,864
Revenue 5.4B USD (2024)
DESCRIPTION

Santos is an oil and gas producer for the domestic market and has the largest exploration and production. Santos was founded in 1954 and is based in Adelaide, Australia.

DEAL STATS #
Overall 4 of 6
Sector: Oil/Gas Exploration M&A 4 of 6
Type: Stake Purchase M&A Deals 1 of 2
Country: Australia M&A 3 of 3
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 Eastern Star Gas

Sydney, Australia

Eastern Star Gas Ltd. has the largest natural gas reserves position in NSW, with current gross reserves across its permits of 988PJ (2P) and 1,818PJ (3P), and a large inventory of contingent and prospective resources.

Buy AU$868M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-25 AWE - Northwest Natuna PSC

Indonesia

AWE Limited, Northwest Natuna PSC comprises Ande Ande Lumut oil field with approximate capacity of 100 million barrels of oil.

Buy -
Mergr

Solution for

Product

Company

Legal