Strike Oil Awarded Permits in Carnarvon Basin

Strike Oil has been advised by the Western Australian Department of Industry and Resources that the company's applications for two new permits, gazettal application areas L04-1 and L04-3 in the Carnarvon Basin, have been successful.

Both areas contain small islands with respect to which the company has agreed to a condition denying access to enable the expedited process of the Native Title Act to be applied.

Area L04-1 is approximately 20 km east of the Harriet Oilfield and Area L04-3 is approximately 14 km southwest of the Saladin Oilfield.

The permits contain a number of leads and prospects close to known oilfields which Strike Oil plans to follow up with a seismic acquisition survey in the first year of each of the permits.