I see this update from Magellen
Central Petroleum Limited
On June 4, 2015, Central, in which Magellan holds an 11% ownership stake, announced a definitive agreement to acquire operatorship of, and 50% of the working interest in, the Mereenie Field from Santos. The acquisition is subject to regulatory approvals and expansion of Central's existing debt facility.
Mr. Wilson commented, 'This transaction will bring all the fields in the Amadeus Basin under one operator for the first time, allowing Central to realize tremendous operating flexibility and economies of scale. It will also allow Central to contribute substantial productive capacity toward the planned pipeline interconnect between Northern Territory and the eastern Australian gas markets. We believe this acquisition represents substantial value upside for Central in the short to medium term.'
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