News: OXX Octanex not granted petroleum retention leases for Ascalon gas discovery, page-37

Anyone searching WA-407-P (Ascalon) on the NEATS database don't get too excited when they see an entry on 26/7/2017. It is only an extension for the declared location of the gas pool within the exploration permit. There is still no news on the Ascalon Retention Lease application. The industry appears to be increasingly interested in backfilling in the near future. Isolated fields close to emptying pipelines will then come into play.

For a recent short article on backfilling see http://www.energynewsbulletin.net//energynewsbulletin/news/1144587/exclusive-nws?utm_source=Email&utm_medium=ENB&utm_campaign=Top5&utm_medium=email&utm_campaign=Top 5 - ENB&utm_content=Top 5 - ENB CID_5ce6546b9ec6c05b8c4fd8811af76dc0&utm_source=Campaign Monitor&utm_term=Read more