Exoma told the Australian Securities Exchange today it had been named as the preferred tenderer for the acreages, covering 1.9 million hectares of land adjacent to its existing fields in the Galilee and Eromanga basins.
The company applied for the four permits – PRL2011-2-7, PRL2011-2-8, PRL2011-2-9 and PRL2011-2-12 – in the 2011 Queensland acreage release.
They are prospective for conventional oil, shale oil & gas and coal bed methane and are located to the east of Exoma’s five permits in the area, ATP 991, 996, 999, 1005 and 1008
Being named preferred tenderer gives Exoma the right to take up an Authority to Prospect in each area following successful negotiation of a native title agreement with traditional land owners over the...
