July 2013

Monthly Update
The July 2013 data update is now available ...

Fields & Pipelines
This month's update includes new versions of the Fields & Pipelines layers. New fields include Angelfish, Arwon, Caswell, Chimaera, Cobra, Comic, East Pilchard, Emperor, Grunter, Iehi, Judith  ...

GPinfo User Survey
Many thanks to everyone who completed the recent GPinfo User Survey.  The response was excellent and has provided us with the feedback to allow us to plan a new phase of development for GPinfo ...

Industry Summary
Buru Energy is pleased to announce that the Natural Gas Agreement signed by the State Government has now been passed by both houses of WA Parliament and is awaiting royal assent ...

Permit Updates and Changes
In the Vulcan Sub-basin, AC/P 17 is in the process of being surrendered.  Also in the Vulcan Sub-basin, location AC/P 33 L has been extended to 23/06/2015 ...

 


Monthly Update

The July 2013 GPinfo update is now available.

 


Fields & Pipelines

This month's update includes new versions of the Fields & Pipelines layers. 

New fields include Angelfish, Arwon, Caswell, Chimaera, Cobra, Comic, East Pilchard, Emperor, Grunter, Iehi, Judith, Juha North, Leatherjacket, Luderick, Moby, Mustang, P'nyang, Remora, Revenue, Roseneath, Scallop, Spitfire, Sunfish, Thebe, Torsk, Triceratops, Uramu and West Seahorse.  In addition, numerous existing field outlines have been updated.

New proposed pipelines include Elk to Kerema, Marillana, Mereenie to Darwin, Mereenie to Moomba, Narrabri to Coolah, Stanley to Daru, West Angelas, Whanto to Coonaberry, and Wheatstone.

Our thanks to all those companies who assisted us with the supply and verification of updated data for display on the 2013 Permits Map, and gave permission for its inclusion in GPinfo.

 


GPinfo User Survey

Many thanks to everyone who completed the recent GPinfo User Survey.  The response was excellent and has provided us with the feedback to allow us to plan a new phase of development for GPinfo, in terms of both software and data.

If you did not take part in the survey but would like to comment on any aspect of the GPinfo system, please
click here to send us an email.

 


Industry Summary

Company News

Buru Energy
is pleased to announce that the Natural Gas Agreement signed by the State Government has now been passed by both houses of WA Parliament and is awaiting royal assent. Partners Buru Energy and Mitsubishi Corporation signed the agreement in November, with the bill introduced into parliament early last month. The agreement will provide the joint venture with a long-term tenure over the company’s acreage, facilitate the development of a domestic gas project and pipeline, and ensure the gas security of WA with the supply of Canning Basin gas.  The joint venture will still need to get all state and commonwealth environmental, safety, Aboriginal heritage and native title approvals. (Source: Buru Energy announcement, 19/06/2013).

Senex Energy is pleased to advise that its contingent gas resources in the South Australian Cooper Basin have been upgraded to 5.5 tcf.
Senex has advised that it had new numbers from DeGolyer and MacNaughton following exploration work in the area, with 1C reaching 365 bcf, 2C reaching 1.9 tcf and 3C reaching 5.5 tcf. The upgrade reflects initial 2C and 3C contingent resources at the conventional Hornet gas field, while assigning initial contingent resources at Sasanof and Paning. Furthermore, Senex’s proven oil reserves have gone up by 2.1 mmbbls oil to 5.1 mmbbls. 2P oil reserves have grown from 3.9 mmbbls to 10.8 mmbbls and its 3P reserves up from 8.6 mmbbls to 21.4 mmbbls. (Source: Senex Energy announcements, 26/06/2013 & 27/06/2013).

Armour Energy has entered into a non-binding Heads of Agreement with APA Group to transport up to 330 PJ of gas per annum from Armour’s north Australian gas project to various markets in Mt Isa, Sydney and Queensland. The first two stages of the Northern Area Gas Scheme project will have the companies build a pipeline from Burketown to Mt Isa. Stage three of the project will require the construction or upgrading of an existing pipeline from Mt Isa to Gladstone. The fourth stage will be an interconnection of Queensland and Northern Territory pipelines through the use of APA’s existing network. (Source: Armour Energy announcement, 26/06/2013, Energy News Premium, 26/06/2013).

Beach Energy and Drillsearch Energy are pleased to announce the PEL 91 joint venture has produced more than 10,000 bopd, reaching a significant milestone on the Western flank. Beach and Drillsearch Energy achieved the production increase shortly after commissioning the Bauer to Lycium export pipeline in late April. (Source: Drillsearch Energy announcement, 27/06/2013).

Nexus Energy’s Longtom Agreement with Santos has become unconditional, with the new gas sales agreement now active. The new sales agreement provides for a revised production profile and pricing structure for delivery of the remaining 83 PJ of gas to be produced by 31/12/2018. Part of the deal involves a work-over at Longtom 4 and the drilling of Longtom 5 in late 2014. (Source: Nexus Energy announcement, 01/07/2013).

Drillsearch has entered into a firm Gas Sales Agreement with Santos covering expected production from PEL 106A and PEL 513 through to 2025. The sales deal will involve the sale of raw gas with separate pricing for the condensate, LPG, and sales gas components. The agreed condensate and LPG pricing reportedly provides for both fixed-price CPI indexed gas pricing and oil-linked gas pricing.  (Source: Drillsearch Energy announcement, 04/07/2013).

New Standard Energy has agreed to increase its equity position in Elixir Petroleum through a share purchase recently announced by the company. New Standard will take a stake between 19.99% and 28.20% in Elixir by investing about $1 million. If New Standard secures less than 19.99% equity, a top-up placement facility will be made at 1.2c per share. (Source: New Standard Energy announcement, 05/07/2013).

PetroChina Company Ltd has received Chinese and Australian federal government approval to acquire 29% from ConocoPhillips in the Southern Canning Project. The deal between PetroChina and ConocoPhillips has been closed by a cash payment, and PetroChina’s full participation only awaits approval and registration by the Western Australia Department of Mines and Petroleum. (Source: New Standard Energy announcement, 11/07/2013)
.

Developments

The last major offshore work for the Ichthys Project is underway with steel-cutting for the floating production, storage and offloading vessel to serve the Ichthys project. The FPSO is being built by Daewoo Shipbuilding & Marine Engineering. The vessel will be used for condensate de-watering, stabilisation, storage and export, and will be moored to the seabed in the Browse Basin for the duration of the project. The milestone moment of cutting first steel on the FPSO means that all components of the offshore project are under construction. (Source: Energy News Bulletin, 20/06/2013).

Comet Ridge has announced the Mira Field Pilot has been brought online; this is the second step for the joint venture as it plans to book gas reserves across the Mahalo block in Queensland. The Mira Pilot will pump water over the coming months to prepare the wells for gas flow. (Source: Comet Ridge announcement, 20/06/2013).

Almost four years after it made headlines as the site of one of Australia’s worst oil spills, the Montara Field in the Timor Sea off Australia’s north coast is producing oil. Hydrocarbons were sent to the Montara Venture FPSO vessel at the beginning of June. The facility achieved steady production by 12/06/2013 and the first off take of oil is expected in August.  PTTEP chief executive Ken Fitzpatrick said work over the past few weeks involved putting the well-head platform, subsea equipment and tie-backs and FPSO facilities through a start-up and commissioning phase. (Source: Energy News Premium, 21/06/2013)
.

Discoveries

Oil Search has advised that the Mananda 6 well has reached a total depth of 2,093 metres and is being suspended as a potential future oil producer. Testing has been carried out on the Digimu Formation with the section flowing oil at rates of up to 1,750 bopd on a 28/64” choke, with no water and 0.9 mmscfd of associated gas. (Source: Oil Search announcement, 20/06/2013).

Drillsearch Energy announces encouraging initial test results from its Moruya 1 wet gas exploration well. Wire line logging has confirmed 16.1 metres of liquids-rich net pay across both conventional and tight reservoir sands. Based on logging results, Drillsearch ran multiple drill stem tests and recovered condensate and liquids of 53-56 API with liquids saturation as high as 207 bbls/mmscf. (Source: Drillsearch Energy announcement, 25/06/2013).

Apache Energy has confirmed a gas discovery at the Bianchi 1 appraisal well located in WA-49-R in the offshore Carnarvon Basin, Western Australia. The well encountered 112m of net gas pay in multiple reservoir zones from 4,780m to total depth of 5,429m.  The well is being plugged and abandoned as planned but the company said Bianchi 1 was a positive indication for the commerciality of the lease. (Source: Tap Oil announcement, 16/07/2013).

Armour Energy’s Egilabria 2 well located in ATP 1087P in northern Queensland has produced an 8 metre flare from the Doomadgee Supersequence in the Isa Superbasin. Immediate gas to surface produced a peak gas show of 1,417 units. The gas was predominately methane, with traces of ethane, propane, helium and negligible carbon dioxide. The well managed a second flare of 6-8 metres encountered at 1,519 metres.
(Source: Armour Energy announcements, 01/07/2013 & 02/07/2013).

In PEL 91, Beach Energy’s Congony 1 exploration well was drilled and cased and suspended as a future oil producer after encountering a gross oil column of approximately 6 metres in the McKinlay/Namur interval. A subsequent test of the McKinlay zone resulted in the recovery of 41 barrels of clean oil, equivalent to a flow rate of 239 bopd. (Source: Beach Energy announcement, 03/07/2013)
.


Permit Updates and Changes

Northern Territory

In the Vulcan Sub-basin, AC/P 17 is in the process of being surrendered.

Also in the Vulcan Sub-basin, location AC/P 33 L has been extended to 23/06/2015.

In the Petrel Sub-basin, NT/P 79 is in the process of being surrendered.

In the Beetaloo Basin, Hess Australia (Beetaloo) P/L did not elect to commit to drilling the five wells required to earn a 62.5% interest in permits EP 117, EP 76 and EP 98 by the agreed deadline of 28/06/2013. Falcon retains 100% working interest in the Beetaloo Basin Project permits.

In the Amadeus Basin, EP 118 is in the process of being surrendered.

In the Georgina Basin, EP 153 was granted to Minerals Australia P/L 50% and Jacaranda Minerals Ltd 50% on 01/07/2013. The licence will expire on 30/06/2018.

In the Pedirka Basin, Central Petroleum has completed the farm-out with Santos for the Simpson, Pelinor and Bejah Blocks within EP 97
.

In the Arunta Basin, application EP(A) 276 has been varied and now covers 13,606 sq km.


Joint Petroleum Development Area

In the Joint Petr
oleum Development Area, the JPDA 06-103 joint venture has submitted a request to the Autoridade Nacional do Petroleo to terminate the PSC by mutual agreement.


Queensland

Offshore in the Gulf of Carpentaria, the Year 6 work program for Q/23P has been varied to - 1,650 km 2D seismic, G&G studies-$2.25m.

Onshore, five new areas have been gazetted for application and will close on 10/10/2013:  PLR 2013-3-1 (Bowen Basin), PLR 2013-3-2 (Surat Basin), PLR 2013-3-3 (Surat Basin), PLR 2013-4-1 (Surat Basin), PLR 2013-4-2 (Surat Basin).  In addition, PLR 2012-1-1 in the Surat Basin has been re-released as PLR 2013-3-4 and will also close on 10/10/2013.

Bridgeport Energy has reached agreement to acquire a number of interests from Arrow Energy.  These include 100% of ATP 608P (including 100% of the Rookwood Block), 15% of ATP 752P Barta, 17.5% of ATP 752P Wompi, 88% of ATP 794P Barcoo Junction, 65% of ATP 794P Barcoo, 10% of ATP 794P Brightspot, 16% of ATP 794P Regleigh, 40% of ATP 794P Remainder, 16% of ATP 794P Springfield and 100% of AT 805P. In addition, a number of interests will be transferred to Bridgeport after grant of the licences.  These include: 100% of ATP 714P, 20% of ATP 736P, ATP 737P and ATP 738P, 100% of ATP 944P and ATP 948P. The transactions are subject to regulatory approvals.

In the Eromanga Basin, Drillsearch will acquire 29% of ATP 299P and its associated PLs from Santos for $36.8m.  The deal is subject to due diligence and regulatory approvals.

In the Eromanga Basin, Santos will acquire 50% of Drillsearch's 66.6% interest in ATP 549P West by drilling a commitment well and carrying Drillsearch in relation to the well cost.  Santos and will take over operatorship.  The deal is subject to due diligence and regulatory approvals.

In the Surat Basin, Icon Energy has acquired Goondi Energy's interest in ATP 626P and ATP 626P Lydia FO Block after Goondi exercised its right to exit the JV.  This change also relates to potential commercial area applications PCAs 17 to 26.

In the Eromanga Basin, Bengal Energy has exercised its pre-emptive right to purchase an additional percentage in ATP 752P and PL 303.  Bengal's purchase price for the additional interest is expected to be approximately A$7.6 million.  The deal is expected to be finalised in July 2013.

Also in the Eromanga Basin, Drillsearch Energy holds 100% of ATP 783P.  The company previously reported that it was selling its interest in the permit, however there are no further plans to do so.

In the Cooper Basin, Icon Energy has exercised a put option and has transferred a 4.9% interest in ATP 855P to Beach on payment by Beach of US$18 million.  Beach now holds 26.9% of the licence and Icon Energy holds 35.1%.

In the Eromanga Basin, ATP 917P was granted on 25/06/2013.  The licence will expire on 30/06/2017.  Competing application ATP 916P has been refused.  Work program is as follows -

Year 1: 1000 km seismic reprocessing, 500 km 2D seismic, 200 sq km 3D seismic, G&G studies
Year 2: 4 wells to 2,600m
Year 3: 3 wells to 2,600m
Year 4: G&G studies
(26/06/2013 to 30/06/2017)

In the Galilee Basin, ATP 1020P is being renewed over a reduced area of 4,430 sq km.

In the Surat Basin, ATP 1059P was granted to Robert Sturm Heath on 25/06/2013.  The licence will expire on 30/06/2017.  Competing application ATP 1065P was refused.  Work program is as follows -

Year 1: G&G studies
Year 2: G&G studies
Year 3: G&G studies, 100 km 2D seismic
Year 4: G&G studies, 1 well to 1,800m
(26/06/2013 to 30/06/2017)

In the Bowen Basin, areas for production licence applications PL 449 and PL 451 were varied on 31/08/2012 and the applications now cover reduced areas of 90 sq km and 156 sq km respectively
.


South Australia

In the Cooper Basin, Santos has executed a binding agreement with Drillsearch to purchase Drillsearch’s 25.835% interest in PEL 100 for $15 million in cash. The deal is subject to due diligence and regulatory approvals.

Also in the Cooper Basin, Santos has executed a binding agreement with Drillsearch to acquire a 60% operating interest in PEL 106 by funding a $75 million work program of exploration, appraisal and field development. The deal is subject to due diligence and regulatory approvals.

In the Cooper Basin, the area of PEL 111 has been reduced due to grant of PPL 243 and a PPL 240 extension. PEL 111 now covers 778 sq km.

In the Officer Basin, PEL 253 is in the process of being renewed.

In the Eromanga Basin, the year 4 work program for PEL 424 has been extended by 12 months from 09/07/2013 to 08/07/2014. The licence has had its expiry date extended to 08/07/2015.

In the Cooper Basin, Santos has executed a binding agreement with Drillsearch to acquire a 60% operating interest in PEL 513 by funding a $45 million work program to cover outstanding permit commitments. The deal is subject to due diligence and regulatory approvals.

In the Eromanga Basin, the year 4 work program for PEL 87 has been extended by 12 months from 09/07/2013 to 08/07/2014. The licence has had its expiry date extended to 08/07/2015.

In the Arrowie and Eromanga Basins, applications PELA 627 and PELA 628 have been varied and now cover 9,506 sq km and 9,913 sq km respectively.

In the Cooper Basin, an extension of land has been granted for PPL 240. The licence now covers 3.1 sq km.

In the Cooper Basin, PPL 243 has been granted to Victoria Oil Exploration (1977) P/L 40%, Permian Oil P/L 20%, Springfield Oil and Gas P/L 15% and Impress (Cooper Basin) P/L 25% on 13/06/2013 for an indefinite term/life of field.

In the Cooper Basin, Beach Energy Ltd has applied for PPLA 246 over the Germein field and PPLA 247 over the Perlubie field.

Geothermal

In the Cooper Basin, GEL 268 has been renewed over a reduced area of 310 sq km. The licence will expire 22/05/2018.

In the Gawler Block, the year 3 work programs for GEL 294 and GEL 295 have been extended by 12 months from 01/07/2013 to 30/06/2014. The licenses have had their expiry date extended to 07/02/2017.

Sequestration

In the Officer Basin, the year 1 work programs for GSEL 576-GSEL 583 have been extended by 12 months from 22/08/2012 to 21/08/2013. The licenses have had their expiry date extended to 28/07/2018.

In the Eucla Basin, the year 1 work programs for GSEL 584-GSEL 587 have been extended by 12 months from 15/02/2013 to 14/02/2014. The licenses have had their expiry date extended to 15/05/2018.


Tasmania

Offshore in the Otway Basin, the Year 5 work program for T/30P has been varied to - geological and geophysical studies-$1m.

Also in the Otway Basin, T/34P is in the process of being renewed.

Onshore Tasmania, GSLM's appeal in relation to EL 14/2009 has been adjourned to 30/08/2013
.


Victoria

Offshore in the Gippsland Basin, Cooper Energy has signed a non-binding letter of intent to acquire 25.8% of VIC/P 41 by funding Bass Strait Oil Co’s share of reprocessing and merging multiple 3D seismic datasets and selected QI/AVO analyses including 430 sq km within the permit.   The proposed deal is subject to a number of conditions including Bass receiving government approval for a proposed work program variation in VIC/P 41 and entering into a similar agreement in relation to VIC/P 68.

In the Otway Basin, WHL Energy is in the latter stages of farm-out discussions with a number of companies in relation to VIC/P 67
.

In the Gippsland Basin, Cooper Energy will undertake, at its sole cost, reprocessing and merging multiple 3D seismic datasets and selected QI/AVO analyses, including 255 sq km within VIC/P 68.  Subject to the completion of reprocessing and data interpretation, Cooper Energy will have the option to acquire 50% in VIC/P 68 at no further cost.   The proposed deal is subject to a similar agreement between the parties in relation to VIC/P 41.

Onshore in the Otway Basin, PEP 169 has had its expiry date extended to 24/10/2014
.


Western Australia

In the Carnarvon Basin, WA-214-P is in the process of being renewed.


In the Carnarvon Basin, the Year 5 work program for WA-253-P has been extended by 12 months from 29/06/2013 to 29/06/2014. The licence has had its expiry date extended to 29/06/2014. Year 5 work program has also been varied and is now –
geotechnical studies, 77.79 sq km 3D seismic $0.832.

In the Browse Basin, INPEX Corporation has reached agreement for INPEX Ichthys and other project group companies to transfer 2.625% of the Ichthys LNG Project interest for licenses WA-285-P, WA-50-L and WA-51-L to CPC Corporation, Taiwan. The deal is subject to satisfaction of certain conditions including approval by the Australian government.

In the Browse Basin, the Year 5 work program for WA-314-P has been extended by 12 months from 11/08/2013 to 11/08/2014. The licence has had its expiry date extended to 11/02/2015.

In the Browse Basin, the Year 6 work program for WA-315-P has been extended by 12 months from 11/08/2013 to 11/08/2014. The licence has had its expiry date extended to 11/08/2014.

In the Barrow Sub-basin, location WA-334-P L was granted over Kultarr on 07/06/2013.

In the Carnarvon Basin, Woodside is withdrawing from WA-389-P. Following renewal of the licence, participants will be BHP Billiton Petroleum (Australia) P/L 60% (operator) and Cue Exploration P/L 40%.

In the Carnarvon Basin, WA-394-P has expired and the area now reverts to vacant acreage.

In the Bonaparte Basin, WA-402-P is in the process of being renewed.

In the Bonaparte Basin, WA-403-P has been renewed over a reduced area of 2,973 sq km. The licence will expire 11/07/2018. Work program is as follows -

Year 1: 350 sq km PSDM processing of 3D seismic, geotechnical studies $0.5m
Year 2: geotechnical studies $0.25m
Year 3: geotechnical studies $0.25m
Year 4: 1 well $40m
Year 5: geotechnical studies $0.5m

In the Carnarvon Basin, WA-404-P has been renewed over a reduced area of 1,380 sq km. The licence will expire 16/07/2018. Work program is as follows -

Year 1: geotechnical studies $0.4m
Year 2: 700 sq km 3D seismic reprocessing $1m
Year 3: geotechnical studies $0.4m
Year 4: geotechnical studies $0.6m
Year 5: 1 well $50m

In the Canning Basin, WA-415-P, WA-416-P and WA-417-P are in the process of being surrendered.


In the Carnarvon Basin, the Year 5 work program for WA-433-P is now –
geotechnical studies $0.4m.

In the Barrow Sub-basin, the Year 2 work program for WA-456-P has been extended by 12 months from 06/07/2013 to 06/07/2014. The licence has had its expiry date extended to 06/01/2018.

In the Dampier Sub-basin, the Year 1 work program for WA-457-P is now – geotechnical studies, 403 sq km 3D seismic reprocessing, petrophysical evaluations $0.751.

In the Dampier Sub-basin, the Year 1 work program for WA-458-P is now – geotechnical studies, 335 sq km 3D seismic reprocessing, petrophysical evaluations $0.635m
.

In the Carnarvon Basin, production licence WA-55-L was granted on 18/06/2013 for an indefinite term/life of field. Interests in the Coniston Unit are INPEX Alpha Ltd 47.499%, Apache Permits P/L 23.311%, Apache Northwest P/L 22.365% and Apache PVG P/L 6.825%. Interests excluding the Coniston Unit are INPEX Alpha Ltd 47.499%, Apache Northwest P/L 26.251% and Apache PVG P/L 26.25%.

In the Canning Basin, PetroChina Company Ltd has received Chinese and Australian federal government approval to acquire 29% from ConocoPhillips in the Southern Canning Project, permits EP 443, EP 450, EP 451 and EP 456 and application areas STP-EPA-6, STP-EPA-7 and STP-EPA-10. The deal between PetroChina and ConocoPhillips has been closed by a cash payment, and PetroChina’s full participation only awaits approval and registration by the Western Australia Department of Mines and Petroleum.

In the Perth Basin, the year 3 work program for EP 469 has been extended by 12 months from 16/04/2013 to 15/04/2014. The licence has had its expiry date extended to 15/04/2017.

In the Canning Basin, EP 486 was granted to Exceed Energy (Australia) P/L 100% on 01/07/2013. The licence will expire on 30/06/2019. Work program is as follows -

Year 1: 150 km 2D seismic reprocessing $0.25m
Year 2: 100 km 2D seismic $1.3m
Year 3: 150 sq km 3D seismic $3.85m
Year 4: 1 well $3.5m
Year 5: 1 well $3.5m
Year 6: 100 km 2D seismic $1.1m

Geothermal

In the Perth Basin, GEP 42 is in the process of being surrendered.


New Zealand

In the Taranaki Basin, Taranaki Ventures Ltd has applied for APP 55491 over 18.7 sq km.

Also in the Taranaki Basin, PEP 51150, PEP 51151, PEP 51153 and PEP 51155 are in the process of being renewed.

In the Taranaki Basin, extension of land application PEP 52181 EX has been declined.

In the Taranaki Basin, New Zealand Energy Corp has finalised the Sale and Purchase agreement with Origin Energy Resources NZ (TAWN) Ltd for the acquisition of 3 Petroleum Mining Licenses as well as the Waihapa Production Station. The revised purchase price is CDN$33.5 million - $30 million in cash plus a 9% royalty on net revenues both payable to Origin and a $3.5 million cash payment to Contact Energy. NZEC will purchase PML 38138, PML 38140 and PML 38141 subject to 9% royalty payable to Origin. NZEC will transfer ownership of PML 38139 to Contact Energy in exchange for a compressor capable of handling 10 mmcfd of natural gas
.


Papua New Guinea

In the Papuan Basin, Osaka Gas Co Ltd has reached agreement to acquire 40% of PRL 4, PRL 21 and PPL 259 from Horizon for US$204 million.  The deal includes US$74 million in cash on completion, a further US$130 million in cash upon FID for an LNG project and potential production payments where threshold condensate production is exceeded.   Osaka Gas Co Ltd has an option to acquire 40% of Horizon Oil’s interests in PPL 372, PPL 373 and PPL 430 by paying a proportionate share of costs incurred.  Horizon and Osaka will form a strategic alliance to commercialise and develop the acreage in the Western Province.

Also in the Papuan Basin, Hunt Energy & Mineral (PNG) has reached agreement to acquire 32% of PPL 340 from Kina Petroleum by funding a 5,400 km aeromagnetic/gravity survey and a seismic program based on interpretation of the survey (expected to be between 75 km and 150 km).  In addition, Hunt Energy & Mineral (PNG) has an option to acquire a further 32% by drilling one well
.
 


For more information please contact GPinfo support on +61 2 9437 6255 or e-mail to info@gpinfo.com.au.

To unsubscribe click here.

Pitney Bowes Software
Level 7, 1 Elizabeth Plaza
North Sydney NSW 2060
Australia

© 2013 Pitney Bowes Software