New Area Applications Exoma applied for four permits offered by the Queensland Government under its 2011 tender program. These four permits are to the west of ATP 999P (see attached map) and are prospective for both Toolebuc shale oil and gas and conventional oil. Exoma expects that the results of the tender will be announced during the first quarter of 2012. If Exoma is successful in its application it will have a 50% beneficial interest in the acreage in joint venture with CNOOC. Exoma has applied for PRL2011-2-7, PRL2011-2-8, PRL2011-2-9 and PRL2011-2-12.
Obviously things are looking good that they are applying for another 4 permits.!!! Possibly also why SP is looking stronger with an potential announcement on this soon
EXE Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held