2009-08-17-2008-04-01

To acquire 60% JV interest in Puffin & Talbot fields offshore northwest.

Chinese integrated energy company Sinopec International Petroleum Exploration and Production Corp. plans to acquire a 60% joint-venture interest in the Puffin and Talbot fields offshore Australia from Australian-based AED Oil Ltd. for A$1 billion. AED's 100% interest includes assets held under production licenses AC/P22, AC/L6 and AC/RL1 in the Bonaparte Basin offshore northwestern Australia. Sinopec will be operator. The effective date is March 31. AED will use the funds to pay debt and to fund joint-venture interests and for developmental opportunities. Macquarie was advisor to AED.