The co-owners of an offshore exploration permit in the Offshore Sydney basin in Australia are making progress in their efforts to acquire high-resolution 2D seismic across a large gas prospect.

The co-owners - Advent Energy and Bounty Oil & Gas - drilled a dry well several years ago in Block PEP11 called New Seaclem.

They retained the permit and want to attract partners to help drill the large Baleen prospect.

Advent