Formentera and INPEX Announce Strategic Partnership to Accelerate Development of Australia's Beetaloo Shale Resources [Yahoo! Finance]
INPEX CORP UNSP/ADR (IPXHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
AUSTIN, Texas, March 27, 2026 BUSINESS WIRE )--Formentera Partners and INPEX announced a landmark strategic joint venture partnership that will accelerate development of vast natural gas resources from the onshore Beetaloo Basin in Australia's Northern Territory. The collaboration brings together Formentera's leading shale expertise and INPEX's global LNG capabilities to establish a new domestic natural gas source for Australia and support future LNG exports to premium markets in Asia and around the world. Partnership highlights: INPEX to acquire ~68,000 net acres across a core ~355,000-gross-acre block within Formentera's 1.9 million-net-acre position in the basin through a staged earn-in for up to $208 million in consideration, which is subject to structured off-ramp provisions. INPEX has option to acquire ~75,000 additional net acres within the core block for $266 - $411 million in consideration, dependent on option execution timing. The transaction consideration will be p
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