The Directors of Oil Basins Limited (OBL, ASX codes OBL and OBLOB, or the Company) wish to make the following ASX announcement to keep the market fully informed. The WA Department of Mines and Petroleum (DMP) has confirmed to the Company after the close of trading yesterday that the Grant of Derby Block (formerly 5/07-8EP) as Permit EP 487 (refer to Figure 1), has been made for a period of 6 years (commencing 14 March 2014 and finishing 13 March 2020).
EP 487 is a prospective hydrocarbon address for wet Laurel USG The Company will advise the market on ownership and other related matters in due course.”
Let the games begin. Finally!
OBL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
