BPH Provides PEP 11 Drilling Updates

  • Jan 28, 2020 AEDT
  • Team Kalkine

BPH Energy Limited (ASX: BPH) has announced that investee Advent Energy Ltd has submitted to the National Offshore Petroleum Titles Administrator (NOPTA) an application to allow the drilling of the Baleen drill target in the PEP11 permit offshore NSW.

  • Advent Energy Ltd holds an 85% interest and is operator of the permit and remaining is held by Bounty Oil and Gas NL;
  • Bounty and Asset are now moving to a drill ready status for PEP11 and the current permit expiry date is in March 2021.

At AEDT 01:09PM, the stock was trading at $0.001 per share, no change from its previous close.


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