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Metgasco granted ATP2020 and ATP2021 in Cooper Basin

Gasoil News - Published on Thu, 31 May 2018

Image Source: australianstockreport.com
Metgasco Ltd announced that the Company has been notified by the Queensland Government of its grant of Authority to Prospect (ATP) No. 2021 (ATP 2021) and ATP No. 2020 (ATP 2020), pursuant to section 41(1) of the Petroleum and Gas (Production and Safety) Act 2004.

This grant follows Metgasco’s tender in 2015, notification of status as preferred tenderer in 2016 of Cooper Basin blocks 2021 and 2020, and Metgasco’s successful conclusion of Native Title Negotiations in early 2018 (see ASX announcement Native Title Agreements Concluded, dated 8 February 2018).

Over the last several months, Metgasco has substantially advanced its knowledge of ATP 2021 and ATP 2020, commencing a technical work program led by the efforts of our technical director, Dr. Robbert Willink.

The Company is confident of the prospectivity of its Cooper Basin projects and will be accelerating its geological mapping and seismic assessment in the coming months.

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Posted By : Nanda Koijam on Thu, 31 May 2018
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