IN a step closer to development PEP11 partners BPH Energy and Bounty Oil & Gas advised the market this morning their application for a 24-month suspension of the offshore New South Wales permit's fourth year work program has been accepted for processing by the offshore regulator.
This does not mean the extension has been formally approved. The permit was due to expire this month and since last year BPH has been telling the market its application to extend and...
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