A Review of the Nigerian Energy Industry

Oil Basins gets 6-year grant for block in western Australia

Oil blocks21 March 2014, News Wires –  Oil Basins Limited, an Australia-focused oil and gas exploration company, reported Friday that the company wish to make the following ASX announcement to keep the market fully informed about the grant of Derby Block in Western Australia.

The Western Australian Department of Mines and Petroleum (DMP) has comfirmed to the Company after the close of trading yesterday that the Grant of Derby Block (formerly 5/07-EP) as Permit EP 487, has been made for a period of 6 years (commencing March 14 and finishing March 13, 2020).

The Company will advise the market on ownership and other relarted matters in due course. Earlier on March 13, DMP confirmed receipt of the Company’s formally lodged acceptance of the Offer on behalf of Joint 5/07-8 EP Applicants.


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