Exoma Energy announced that it has been appointed by the Queensland Government as preferred tenderer for the four new release areas, PLR2011‐2‐7, PRL2011‐2‐8, PRL‐2011‐2‐9 and PRL‐2011‐2‐12.
Exoma applied last year for four of the permit areas offered in the 2011 Queensland acreage release.
The permit areas are located in the Galilee and Eromanga basins adjacent to Exoma’s existing exploration permits.
The areas are prospective for conventional oil, shale oil & gas and coal seam gas and in total cover an area of 19,213 square kilometres.
The appointment gives Exoma the right to take up an Authority to Prospect in each area following the successful negotiation of a native title agreement with traditional land owners.
Exoma’s joint venture partner CNOOC Gas & Power Pty Ltd will have a participating interest in those permit areas taken up by Exoma.
[mappress] LNG World News Staff, May 28, 2012