The
renewal
covers
a
five-year
period
over
the
permit
which
Bass
believes
is
prospective
for
the
Waare
conventional
gas
play
and
the
Casterton
oil
shale
play.
Bass
said
on
Thursday
that
it
currently
holds
a
large
acreage
holding
over
the
central
Victorian
sector
of
the
Otway
basin
which
contains
both
conventional
and
unconventional
prospects
and
leads.
Its
permits
straddle
main
gas
pipelines
which
deliver
gas
to
markets
in
both
South
Australia
and
Victoria,
which
means
any
discovery
could
be
quickly
commercialised,
according
to
the
company.
Bass
holds
a
100%
interest
in
PEP
167.
…
