epbc approval, page-23

Hi all, spoke with DEWHA today DB...there has been a stop clock set on a technical issue with the referral. DB would not tell me what timeframe they were looking at but did say it was a minor issue.

SO Monday is now unlikely...

I spoke with Toby Foster yesterday who gave an update on Advents other assets. Mostly they are focusing on PEP11:

1. Bonaparte Basin EP386/RL1(100%) - the research material is still being reviewd with the aim of setting a drilling schedule. Some errors have been found which I believe provide more upside...
2. Cooper Basin PEL11(50%) - Vic Petroleum..not active at present as JV busy with other plays
3. Exmouth Sub-Basin EP325(8.3%) - Strike Oil JV operator still in discussions with Dept of Defence for gas supply. Toby believes this would be a great little earner...
Perth Basin E419(3%royalty) - Exoma have 100% ownership and are looking to farmout following strategic review...
4. Sydney Basin PEP11 - gave that one yesterday on this thread

Advent has some other good/considerable assets and if PEP11 gets up then I'd like to see them not just work on
their major but keep their other targets progressing as well.

Jazza