EXPLORATION

3D Oil awarded VIC/P79

3D Oil has been awarded the VIC/P79 exploration permit in the offshore Otway Basin, Victoria, sending its share price up 10.4%.

The VIC/P79 exploration permit

The VIC/P79 exploration permit

The National Offshore Titles Administrator granted the permit yesterday and covers 42 blocks with a six-year work program, at an expected cost of A$48.7 million. The permit was awarded in the 2020 Offshore...

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