Herbert Smith Freehills is pleased to have advised New Zealand Oil & Gas Limited (NZOG) on its entry into a Farmin Agreement for a 25% participating interest in Western Australian onshore Production License L7 and Exploration Permit EP 437 (the Permits), and joint venture arrangements for the Permits with ASX-listed Triangle Energy (Global) Ltd and (subject to completion of its own farm-in agreement) Talon Energy Ltd. The farm-in represents NZOG’s entry into the Perth Basin.
The cross-practice Herbert Smith Freehills team was led by partner Nick Baker, who was supported by senior associate Emily Reyher and solicitor Yonnie Lipshatz. Partner Melanie Debenham and solicitor Ellen Frodsham advised on environmental matters and partner Nick Heggart advised on tax. The NZOG team was led by Paris Bree and Chris McKeown.
Nick Baker said “we are pleased to have worked on this strategic transaction with the NZOG team, and look forward to continuing to work together as exploration works progress.”
This deal is another example of Herbert Smith Freehills’ work in the energy sector.