Denison Gas Ltd announced on 28 February 2019 that the company had acquired an additional 50% interest in a number of production licences â the Denison North and Denison South assets â located in the Denison Trough, from Australia Pacific LNG (APLNG) Ltd.Â  The acquisition will give Denison Gas full interest in the licences.  The licences in which Denison Gas had increased its interest are split into two projects.Â  In the Denison North Area, interest was acquired in PL 41, PL 42, PL 54, PL 67 and PL 173.Â  These licences contain the Arcturus, Moorooloo, Rolleston, Springton and Turkey Creek gas fields.Â Â  Denison Gas now holds a 100% beneficial and legal interest in the licences.   In the Denison South Area, interest has been acquired in PL 43, PL 44, PL 45, PL 183 and PL 218. These licences contain the Glentulloch, Merivale, Myrtleville, Punchbowl Gully, Sardine Creek, Springvale, Westgrove and Yellowbank fields.Â  At the Westgrove field, drilling has been recently ongoing to evaluate the deep, tight gas potential, with the Westgrove 9 appraisal well.Â  Denison Gas now holds 100% beneficial interest and 50% legal interest, with APLNG Ltd.Â Â  The companies have formed a joint venture to evaluate the deep gas play in the southern assets.  Denison Gas now holds 100% interest in the licences, after it first entered the permits in June 2018, acquiring an initial 50% from Santos Ltd. The licences cover a combined area of 1,158 sq km, with 539 sq km in the northern area and 619 sq km in the south.
Denison Gas (->100%) had acquired an additional 50% interest in PL 41, PL 42, PL 54, PL 67 and PL 173 production licences from APLNG (Australia Pacific LNG).  