Ann: Grant of PEP 487 over the Derby Block , page-2

re: Ann: OXX: Grant of PEP 487 over the Derby... “
Octanex considers that the Derby Block is potentially prospective for unconventional oil and gas from shales, as well as gas from coal seams, and there is particular attraction in the potential of the shale formation known as the Laurel Formation. In addition, there are a number of other formations which have potential for the discovery of
conventional and unconventional hydrocarbons.”


and;
“The acquisition of an interest in the Derby Block is a new area of activity for the Octanex Group....”
and
Octanex believes there are only a limited number of onshore basins in Australia with considerable potential for unconventional shale oil and gas accumulations and that the Canning Basin holds out the promise of being one of the best of such possibilities"

Well Id reach the obove statement on my own research but nice to know I'm in good company,bought in this morning.

I wonder who will be the major farminee?

Raider