Project
operator
AWE
announced
plans
to
vary
its
work
obligations
on
the
permit
in
April
–
obligations
which
would
have
seen
it
drill
an
exploration
well
by
21
June
2012,
and
commence
fraccing
of
it
in
2013.
But
Titan
and
AWE
had
agreed
to
apply
to
merge
the
two
commitments,
meaning
that
the
well
must
now
be
drilled
and
fracced
by
21
June
2013.
Following
the
WA
Department
of
Mines
and
Petroleum’s
approval
of
the
variation,
Titan’s
interest
in
the
EP455
project
area
will
increase
8.5%,
reducing
AWE’s
stake
to
81.5%.
Titan’s
interest
will…
