Exoma preferred tenderer for 19,213km² exploration area in Queensland

Exoma Energy Limited (ASX: EXE) in pleased to announce that it has been appointed by the Queensland Government as preferred tenderer for the four new release areas, PLR2011-2-7, PRL2011-2-8, PRL-2011-2-9 and PRL-2011-2-12.
A reported on 29 November 2011, Exoma applied for four of the permit areas offered in the 2011 Queensland acreage release. The permit areas are located in the Galilee and Eromanga basins adjacent to Exoma’s existing exploration permits (fee attached map).

The areas are prospective for conventional oil, shale oil & gas and coal seam gas and in total cover an area of 19,213 square kilometres.

The appointment gives Exoma the right to take up an Authority to Prospect in each area following the successful negotiation of a native title agreement with tradetional land owners.

Exoma’s joint venture partner CNOOC Gas & Power Pty will have pa participating interest in those permit areas taken up by Exoma.

Source: Exoma

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