NOPTA Approves Suspension of the Permit Terms for EP386 in Bonaparte Basin
MEC Resources Ltd. investee company Advent Energy Ltd. disclosed Tuesday that the National Offshore Petroleum Titles Administrator (NOPTA) has approved a suspension of the permit terms of EP386 in the onshore Bonaparte Basin, north-eastern Western Australia.
Following application by Onshore Energy Pty Ltd. (EP386 titleholder and wholly owned subsidiary of Advent), the Western Australian Department of Mines & Petroleum has granted a suspension of the condition requiring the completion of the existing work commitments for a period of 12 months to March 31, 2017.
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