Origin Energy Limited (Origin), together with Sasol Limited (Sasol), today announced the signing of a conditional farm-in agreement with Falcon Oil & Gas Australia Limited (Falcon) for three onshore exploration permits in the Northern Territory's Beetaloo Basin.

Upon completion of the farm-in agreement, Origin and Sasol will each hold 35 percent interest in the three permits and Falcon will hold a 30 percent interest. Located about 310 miles (500 kilometers) south-east of Darwin, the permits cover an area of more than 7,142 square miles (18,500 square kilometers) within the Beetaloo Basin, which is highly prospective for shale gas and associated liquids.

Tags: Origin Energy