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Oil Basins Increases Stake in Gippsland Basin Permit VIC/P47

Source: www.gulfoilandgas.com 11/19/2014, Location: Not categorized

Oil Basins Limited (OBL) has announced that documents have been signed transferring all the third-party interests in the offshore Gippsland Basin Permit Vic/P47 to the OBL Group. The OBL Group will now hold 100% of Permit Vic/P47 containing the undeveloped Judith gas field and the undeveloped Moby gas field. It is intended that the Company will also become operator of Permit Vic/P47.

These matters are subject to the approval of the National Offshore Petroleum Titles Administrator (NOPTA).

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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