Oil Basins Limited (OBL) revealed Tuesday that the Company has received from the Western Australian Department of Mines and Petroleum (DMP) formal Offer documents and the Request for Grant pro-forma in respect of Application 5/07-8 EP (Derby Block) in Western Australia. The documents specify all the standard and expected terms and conditions.
The Company has a month to formally respond to the Offer and will advise shareholders of all progress including the outcome of any commercial and legal challenge with Backreef Oil Pty Ltd (refer to ASX Release dated Feb. 6, 2013) as to farminees.
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