$$$ Fed Gov to Buy back PEP11? $$$

Here is some food for thought.

Here is 5 quick significant facts about PEP11.

1. NOPTA The Federal Offshore title regulator recommended approval to drill on the previous application. Nothing has changed within the last couple of years other than the energy landscape deteriorating even further.

2. East Coast needs Gas and this is well documented.

3. Federal Court Judge states "the (PEP11) Application must go back to the Joint Authority to determine in accordance with law".

4. The judge also determined that community opposition can not be a sole reason for refusal.

5. Furthermore PEP11 has previously been drilled safely and combined with NOPTA the Federal Offshore Tiltles Regulator has recently recommended that PEP11 proceed to drill.

How does the Joint Authority lawfully refuse PEP11 application?

In my honest opinion - The only way the Federal Government get rid of PEP11 is to buyback the PEP11 title.

The online NOPTA NEATS portal is showing the PEP11 application at "Further Information Received".

IMHO if it reaches "Joint Authority for Decision" the possible buyback is off.

Whats my point and whats this mean?

Well I'm glad you asked...

If the Federal Government were going to buyback the PEP11 Title the time could be right now.

Personally I would like to see PEP11 drilled but I just eanted to make everyone aware of the current position.

All speculation of course...