connecting the dots, page-2

I like your train of thought hunchback,been trying to connect some dots myself.

From coe today

Cooper Energy(ASX:COE) announces it has agreed to purchase a 65% interest in the Basker/Manta/Gummy gas and liquids
project(BMG) in the offshore Gippsland Basin through acquisition of a 65% interest in each of the production licences:Vic/L26;Vic/L27;and Vic/L28.



Cooper Energy Managing Director David Maxwell said BMG’s
proximity to existing infrastructure and developed and undeveloped gas fields was favourable for the prospects of commercialisation and consistent with the company’s gas strategy.

“The eastern Australian gas market is developing as we anticipated, the gas supply outlook is becoming increasingly tight and the upstream gas prices are increasing. We believe that the BMG joint venture has the right features for a new foundation economic gas supply to
the eastern Australian gas customers in the medium term” he said.
Mr Maxwell noted “BMG is a conventional gas source, with some infrastructure in place and the potential for economic enhancement through coordination with adjacent developed and undeveloped fields.
We believe BMG can be a highly competitive source of supply for gas customers and good business for shareholders at recent and anticipated gas prices.”
Cooper Energy’s BMG interest is complemented by its 22.9% shareholding in Gippsland Basin explorer Bass Strait Oil Company Limited (BAS), which holds a number of permits in close proximity to BMG.

http://hotcopper.com.au/announcements.asp?id=675897

Finalising the restructuring (at modest cost) of its non-operated Gippsland Basin interests- 35.435% Vic/P41–
held 17.935% direct and 17.5% indirect via wholly owned subsidiary Shelf Oil Pty Ltd- Option to 25% Vic/P47 (subject to extension and variation by regulator)

Permit Vic/P41 is an under-explored permit - two 1980s wells drilled on 2D, both with invalid tests - but hosts
circa an estimated 2.2 Tcf of P50 wet gas (previously reported by operator).

Vic/P47 hosts two undeveloped gas discoveries–
Judith Gas Field (1989) and Moby Gas Field (2005) which
latter was recently designated a Location. Combined recoverable 2C and P50 gas resources are estimated at
circa 150 Bcf.
With this increased strategic footprint within known highly prospective “gassy blocks” in offshore Gippsland, OBL
expects to capitalise on the renewed interest under the expected high gas price regime in conventional oil and
gas exploration, with well-established and underutilised gas hub and pipeline infrastructure nearby for accessing
all east coast gas markets.
OBL is actively seeking interest from upstream and downstream companies to acquire Shelf Oil and providing a
contingent promote to OBL on its retained 17.935% interest.

http://www.oilbasins.com.au/20131231%20OBL%20Half-year%20Financial%20Report%20-%20Final%20Signed.pdf

It would seem to this poster that BMG is well situated to both OBL VIC permits.

Given that Cooper energy have 22.9 percent of bas(Bass strait oil),which in turn holds interests in both VIC/P41 AND VIC/P47 ,the dots have well and truly joined up IMHO.

http://www.cooperenergy.com.au/Upload/Documents/PresentationsItem/Euroz-Investor-Presentation---04-03-14.pdf

E&OA

Raider