The assets sold to Cooper include:
- 50 per cent interest in the Casino-Henry gas project;
- 50 per cent in the Sole gas field and the Orbost gas plant;
- 10 per cent interest in the Minerva gas field and gas plant;
- 100 per cent interest in the Patricia-Baleen gas field.
The total cash consideration is $82 million, comprised of $62 million at completion and a further milestone payment of $20 million upon the earlier of a final investment decision on the Sole gas project or the receipt of cash proceeds from any sell-down by Cooper of any of its interest in the sale assets.