Oil Basins Completes Acquisition of Permit Vic/P47 in Gippsland Basin

Oil Basins Limited reported Friday the following ASX announcement to update shareholders and investors on the Company’s ongoing activities in Vic/P47 in the Gippsland Basin, offshore Australia.

It has been confirmed from the National Offshore Petroleum Titles Administrator (NOPTA) that the transfer to Oil Basins and its wholly owned subsidiary Shelf Oil Pty Ltd. of the remaining interest in petroleum exploration permit Vic/P47 has been approved and registered.

The OBL Group now has 100 percent of the registered title and interest in Vic/P47 containing the two gas fields being the Judith Gas Field and the Moby Location.

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