Elixir agrees $143.8m Taroom Trough permit farmout with Beach Energy

Elixir Energy has agreed to farm out half of its working interests in most of its Taroom Trough permits in Queensland, Australia, to Beach Energy in a transaction valued at A$205m ($143.8m).

The agreement excludes Elixir’s Diona joint venture (JV) sub-block. Beach will also assume operatorship where applicable under the arrangement.

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Beach will provide A$25m in cash and fund A$180m of exploration, appraisal and operating activities over four years.

This story was originally published by Offshore Technology. Read the full story at Offshore Technology →