I have just read from COE quarterly report regarding North Enterprise. COE is saying that they are no longer interested in North Enterprise including any arrangements to use Athena Gas Plant from any gas to be developed in North Enterprise. Which means the only Gas Plant left would be Otway Gas Plant. So it is a good chance BPT is going to end up owning 75% of North Enterprise.
From COE March quarterly report:
PEP 169 farm-in
Agreement has not been reached with Lakes Blue Energy on the satisfaction of the remaining conditions for the farm-in of a 25.1% participating interest in PEP 169, including negotiation of the final transaction documentation. As a result, work has ceased on the farm-in. Cooper Energy will continue to pursue opportunities in the onshore Otway Basin, including third party processing opportunities for the AGP.
I have just read from COE quarterly report regarding North...
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