EP145 in the Amadeus Basin in the Northern Territory of Australia has been granted to Trident Energy Ltd. by the delegate of the Northern Territory minister for mines and energy, Mosman Oil and Gas Ltd. said in a news release.
The grant of EP145 before the end of the offer period is a condition of the off-market takeover offer by Mosman for Trident on the terms and conditions detailed in the bidder’s statement. This condition to the offer has now been satisfied.
A deed for exploration between Trident and the Central Land Council for native title matters has been negotiated and executed.
The Amadeus Basin covers 170,000 sq km (65,637 sq miles) and is one of Australia’s least explored basins, which contains two producing fields, Mereenie oil and gas field and the Palm Valley gas field. Central Petroleum has recently developed the Surprise oil field, demonstrating oil as well as gas in the western part of the basin.
EP145 is close to existing infrastructure, and the permit area contains the West Walker-1 discovery.
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