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## Note 45 – Jointly controlled operations and assets 

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(a) On 6 December 2011, the consolidated entity disposed of its 37.5% interest in permits PRL 14, 17 & 18 and PEL 103 & 103A and its 35% interest in PEL 101 located in the Cooper Basin in South Australia. 

(b) On 13 October 2011, the consolidated entity disposed of its 50% interest in exploration permit PEP 51151 in New Zealand’s Taranaki Basin. 

(c) During the financial year, the consolidated entity’s interest in PEP 52181 increased from 15.0% to 42.9% through the withdrawal of two joint venture partners. 

The consolidated entity’s interest in assets employed in the above jointly controlled operations and assets is detailed below. The amounts are included in the consolidated financial statements under their respective asset categories. 

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The consolidated entity’s share of capital expenditure commitments and contingent liabilities of jointly controlled operations are disclosed in Notes 38 and 40 respectively. 

