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east coast gas shortage, page-8

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    A mention of PEP 11 in Bounty Oil and Gases quarterly:-

    "PEP 11, Offshore Sydney Basin, New South Wales – Bounty 15%
    Background
    PEP 11 covers 4,576 km2
    of the offshore Sydney Basin immediately adjacent to the largest gas market in Australia
    and is a high impact exploration project.
    2012/2013 Exploration
    There was no material joint venture activity during the Quarter but post well seismic and regional studies
    continued. The ongoing programme will reprocess seismic and acquire new 2D (or possibly 3D) seismic to define
    a drilling target to test Permian Gas targets."
 
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