HIGHLIGHTS
- During the quarter, the WA-424-P Joint Venture (IPB 75%) was granted a twelve (12) month extension to Permit Years 2 and 3 to allow for the drilling of the planned Pryderi-1 oil exploration well and sufficient time to analyse the results from the well prior to the commencement of the Secondary Term of the Permit.
- The WA-424-P (IPB 75%) Joint Venture progressed engineering, project management, procurement and associated activities for the planned Pryderi-1 exploration well, including:
The preparation and re-submission to the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) on 13 September 2013 of the Pryderi-1 well Environmental Plan (EP);
Preparation of the Well Operations Management Plan (WOMP); and
Continuation of the rig selection process and associated well operations support services.
- The Company also continued with its planned geological and geophysical studies within its other existing Browse Basin Permits WA-485-P and WA-471-P.
- Activities involving the technical assessment of potential new acreage opportunities also continued during the quarter.
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