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Thursday
9 September 2010
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AGL ENERGY LIMITED STORIES

[133 Results - Showing Results 1 to 30]

AGL offer for Mosaic gets thumbs up from PWC


PRICEWATERHOUSE Coopers (PWC) has found that AGL Energy’s $130 million takeover bid for Mosaic Oil is in the best interests of Mosaic shareholders as it is both fair and reasonable.
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AGL ups reserves, profit


AGL Energy has reported an increase in proved and probable reserves for the 2010 financial year following success at the Camden, Gloucester and ATP 364P coal seam gas projects.
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Petroleum Briefs


IN today’s briefs: AGL raises funds to cancel debt; Rialto acquires west African block; Octanex completes 3D seismic in NWS; Oil Search hits oil, gas in Yemen.
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Mosaic backs AGL’s $130M buyout


MOSAIC Oil is recommending shareholders accept AGL Energy’s $130 million takeover bid, saying the offer adequately reflects the fundamental value of the company’s oil and gas portfolio.
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Mosaic buy to underpin gas storage project: AGL


A GAS storage project supporting QGC’s Queensland Curtis liquefied natural gas plant is at the centre of AGL’s proposal to acquire Mosaic Oil.
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AGL making bid for Mosaic


AGL Energy has made an all-cash offer for Mosaic Oil which values the company at 15c per share, or about $123 million.
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Petroleum Briefs


IN today’s briefs: AGL withdraws from Torrens’ Parachilna project; Blue Energy spuds Monslatt-5C; Clough declares Forge bid as final
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Petroleum Briefs


IN today’s briefs: Panax to clean up Salamander-1 again; Holloman reviewing potential farminees; Galilee gives thumbs up for Eastern’s offer; AGL finalises sale of Berwyndale to Wallumbullia pipeline;
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AGL offloads Berwyndale-Wallumbilla pipeline for $82.6M


APA Group has purchased AGL Energy’s Berwyndale to Wallumbilla pipeline which transports gas from Queensland Gas Company’s gas fields in the Surat Basin, for $82.6 million.
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AGL on track to meet earnings forecast


AGL Energy is on track to deliver full-year net profit after tax of $390-420 million after posting an underlying net profit of $234.8 million for the December 2009 half.
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AGL moving ahead with Galilee drilling campaign


AGL Energy has started drilling the third of seven planned coreholes in ATP 529P as part of its farm-in agreement with Galilee Energy to earn a 50% stake in the Queensland permit.
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AGL waiting on Innamincka Dome results


AGL Energy has wrapped up its three-well coal seam gas drilling program at Innamincka Dome in PELs 103 and 103A of the Cooper Basin with the completion of the third well, Merninie-01.
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Galilee continues drilling


GALILEE Energy continues to work on its two coal seam gas permits in the Galilee Basin where it is carrying out drilling programs for a CSG pilot production and to assess CSG potential.
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AGL plugs Merninie-2 CSG probe


AGL Energy has plugged and abandoned the Merninie-2 coal seam gas exploration well in the Cooper Basin due to deteriorating hole conditions that prevented it from reaching total depth.
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AGL aiming high


AGL Energy has made a solid start to the financial year and is aiming for a rise of up to 10.8% in its 2010 underlying net profit after tax.
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Galilee, AGL gets cracking on ATP 529P


GALILEE Energy says AGL has spudded the first of seven core holes that will be drilled in ATP 529P in the Galilee Basin, Queensland.
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AGL spins drill bit in Galilee Basin


AGL Energy has kicked off phase two of its farm-in to Galilee Energy’s ATP 529 coal seam gas permit in the Galilee Basin, Queensland, with the spudding of the first well, Muttaburra-2.
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Torrens, AGL to drill Parachilna deep well


AGL Energy expects to drill the first deep well at Torrens Energy’s Parachilna project in South Australia next year, after validation drilling confirmed the area would be suitable for the development of a geothermal reservoir.
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AGL begins probing Innamincka Dome


AGL Energy has kicked off a three-well coal seam gas drilling program at Innamincka Dome in PELs 103 and 103A of the Cooper Basin with the spudding of the first well, Merninie-2.
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AGL sells Hallett 4


AGL Energy expects to make $88 million from the sale of the 132.3-megawatt Hallett 4 wind farm in South Australia to a consortium comprising Marubeni Corporation, Osaka Gas and the APA Group.
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Galilee, AGL step on the gas


GALILEE Energy is looking forward to a busy October as it prepares to shoot seismic and drill two core holes to assess the coal seam gas potential of ATP 799P in the Galilee Basin, Queensland.
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Innamincka Dome drilling gets go-ahead


AGL Energy and Innamincka Petroleum have received approval for their three-well coal seam gas drilling program at Innamincka Dome in PEL 103 and 103A of the Cooper Basin.
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AGL snaps up SA renewable power contract


AGL Energy has strengthened its renewable energy position after being selected as the renewable energy supplier for South Australia’s new 100 gigalitre per annum desalination plant.
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AGL profit up, predicts further rises in 2010


AGL believes it is well positioned to deliver an improved profit result in 2010 after posting an 11% rise in underlying net profit for the 2009 financial year of $378.8 million.
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AGL secures Vic power contract, commits to new wind farm


AGL Energy will supply Victoria’s new $3.5 billion desalination plant near Wonthaggi with electricity after securing at 27-year term contract.
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Innamincka Dome to be explored for CSG


INNAMINCKA Petroleum and AGL Energy are expected to start a three-well coal seam gas drilling program next month at Innamincka Dome in PEL 103 and 101 of the Cooper Basin.
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AGL snaps up more wind farms


AGL Energy has bought two wind farm developments from Transfield Services for $9 million as part of its strategy of developing a pipeline of renewable energy projects.
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AGL refinances $800M debt


AGL Energy’s credit quality has received a vote of confidence after the company successfully refinanced $800 million in debt due in 2009 and 2010.
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AGL lets Lacerta, Polaris options lapse


AGL Energy has – as forecasted by PetroleumNews.net – decided not to exercise its options over two coal seam gas projects and a power station held by BG Group.
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Shareholder movements, midweek update
Exclusively for Premium Subscribers


PLAYOUST, Australian Renewable Fuels; Johnson into AGL; Investors Mutual out of APA; BBW out of, Talos, Children’s Investment Master Fund into BBW; Deutsche Bank into Beach; Kloppers into BHP Billiton; MEO International Investments into Ceramic Fuel Cells; New City out of European Gas; New City out of Kairiki; O'Loughlin, Bonython, Hillis, Carter into, Minotaur out of Petratherm; QGC delists.
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