Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/bass-strait-increases-interest-in-gippsland-permit.shtmlBass Strait increases interest in Gippsland permit Vic/P41
Bass Strait Oil Company Ltd has increased its participating interest
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Bass Strait Oil Company Ltd has increased its participating interest in the exploration permit Vic/P41 in the offshore Gippsland Basin.
On 21 March 2013 Moby Oil and Gas Limited announced it had negotiated final terms on which to dispose of its 25% interest in the joint venture and the permit to Oil Basins Limited for a nominal sum.
BAS has subsequently exercised its pre-emptive rights in relation to Moby's interests also for a nominal sum. BAS will continue to operate the joint venture and permit and will now have an interest of 64.565%. This assignment has been approved by all Joint Venture parties.
