AGL Energy Limited is an integrated energy company. It is engaged in buying and selling of gas and electricity; construction and/or operation of power generation and energy processing infrastructure; development of natural gas production facilities; exploration, extraction, production and sale of coal seam gas; extraction and sale of liquid petroleum gas, and extraction and sale of crude oil. On December 1, 2007, Company, in a 50/50 joint venture with Arrow Energy Limited, acquired the gas merchant and pipeline businesses of the Queensland Power Trading Corporation. On April 30, 2008, it sold its Chilean gas distribution business, Empresa de Gas de la V Region S.A. In October 2008, the Company sold its 50% shareholding in Auscom Holdings Pty Ltd to its joint venture partner in the Elgas business, BOC Limited. In November 2008, it acquired a 400 teraJoules gas bank and 50% of Tri-Star Petroleum Company’s joint venture working interests and related assets in the Spring Gully Project.