BAS annoncement just out.New 5-year Term Granted for Vic/P47...

BAS annoncement just out.


New 5-year Term Granted for Vic/P47 (Judith Gas Field)
Bass Strait Oil Company Ltd is pleased to advise that a new five year term for the Vic/P47
exploration permit has been granted, commencing 16 November 2009.
Vic/P47 is held by a joint venture consisting of:
Bass Strait Oil Company Ltd (ASX: BAS) 40% and Operator
Moby Oil & Gas Limited (ASX: MOG) 35%
Strategic Energy Resources Limited (ASX: SER) 25%
The minimum work requirements for the new term comprise seismic reprocessing and
studies committed in the first three years.
The Vic/P47 exploration permit is
located in the offshore Gippsland
Basin, 14 km from the coast and
south of the Victorian town of
Orbost, with water depths ranging
up to 80 metres.
The permit contains the Judith
and Moby gas discoveries. The
Judith gas resource was certified
by international consultants
Gaffney Cline