Rawson and JV Partners Relinquishes License ATP837 in Surat Basin
Australia's oil and gas exploration company Rawson Resources Ltd (Rawson) revealed Wednesday that the Joint Venture has relinquished exploration license ATP837 in the Surat Basin, Queensland (conventional - Rawson 50 percent, Energetica 50 percent; unconventional - Energy Australia 75 percent, Rawson 15 percent, Energetica 15 percent).
As previously advised (Oct. 28, 2013) following a review of both the conventional and unconventional prospectivity of the block and considering the permit timeframes and work program, the Joint Venture decided to relinquish the entire block once operations and final reporting were complete. The Joint Venture was notified that the Department of Natural Resources and Mines had accepted the relinquishment proposal following the completion of the plug and abandonment of the Hoadleys-1 well, rehabilitation of the well site and submission and approval of the related reports.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Beach Energy Flows First Gas from Udacha Field in Cooper Basin (Jul 11)
- Rawson's Unit Acquires Moira, Gains Stake in PPL 391 in Papua New Guinea (Jul 01)
- Papua New Guinea Awards Petroleum Prospecting License 549 to Rawson (Jun 30)