| OBL Attains 100% of Offshore Gippsland Permit Vic/P41 | |
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ASX Release
14 November 2014
ASX Markets Announcements
Australian Stock Exchange Limited
10th Floor, 20 Bond Street
Sydney NSW 2000
Dear Sirs
OBL ATTAINS 100% OF VIC/P47 (JUDITH & MOBY GASFIELDS)
The Directors of Oil Basins Limited (OBL, ASX code OBL, or the Company) are pleased to announce that documents were signed today transferring all the third-party interests in the offshore Gippsland Basin Permit Vic/P47 to the OBL Group.
The OBL Group will henceforth hold 100% of Permit Vic/P47 containing the undeveloped
Judith Gas Field and the undeveloped Moby Gas Field Location.
It is intended that the Company will also become operator of Permit Vic/P47.
These matters are subject to the approval of the National Offshore Petroleum Titles
Administrator (NOPTA).
The Company will then make a more detailed announcement on these matters. Yours faithfully
Neil Doyle SPE Director & CEO
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Gippsland Limited
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DEVELOPMENT STAGE |
CODE : GIP.AX |
ISIN : AU000000GIP1 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Gippsland is a tin exploration company based in Australia. Gippsland develops tin, niobium and tantalum in Egypt. Its main assets in development are ABU DABBAB and NUWEIBI in Egypt and its main exploration properties are WADI ALLAQI and ZEEHAN in Egypt. |