LAST week in its investor day presentation Beach Energy outlined it plans to farm down 40% of its Otway Basin, offshore Victoria and Tasmania, and today it made good on that promise with a sale to Eyal Ofer’s OG Oil & Gas for A$344 million cash.
OG Oil & Gas is a subsidiary of the Ofer Global Group. The Singapore-based OGOG won its partial takeover of New Zealand Oil & Gas last year, taking 42% in the company that holds licenses for...
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