Exoma Energy said that the Queensland Government has provided indicative approval of the transfer of a further 10% interest in Exoma’s issued Authorities to Prospect (ATPs) to CNOOC Galilee Gas Company (CNOOC) pursuant to the terms of the Supplemental Farmin Agreement between Exoma and CNOOC.
Exoma has previously announced that FIRB approval of the transactions has been received.
The agreements remain conditional upon satisfaction of the final condition (consent from the Chinese Government Authorities) by 31 December 2012.
[mappress] LNG World News Staff, November 05, 2012