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News: OBL Oil Basins updates on permit ep487 (derby block)

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    14/01/16
    17:33
    Post #: 16797911

    Jan 14 (Reuters) - Oil Basins Ltd (OBL) :

    • Permit ep487 (derby block) update (OBL)
    • Says it has not resigned as operator of ep487 and the company continues as operator
    • Obl has commenced planning and costing for the new environmental plan
    • Says obl is also finalising the preparation of year 2 afes in anticipation of the wp variation approval
    • Advised rey resources limited (rey) and its subsidiary that rls does not meet agreed preconditions and minimum legal requirements
    • Has formally advised rey and rls on 13 January 2016 that rls is in default under the joa with respect to a number of matters
    • Source text (http://bit.ly/1OjxAK4)

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