News: OXX Octanex not granted petroleum retention leases for Ascalon gas discovery, page-29

It's all quiet on the NW front. The Authority must realise the best opportunity to develop Ascalon is with OXX. It has invested seismic, geo-technic studies, and has a planned drill in the next year. The Authority should bite the bullet and encourage Australian commercialisation of its resources. The Authority cannot sit on the application forever. Business must be allowed to do its thing. Is this now the quiet before the storm?