Lattice Energy Ltd, a wholly owned subsidiary of Beach Energy Ltd, was awarded exploration permit VIC/P73, located in the Mussel Platform, Otway Basin, on 13 February 2019.Â  The permit has been awarded for a period of six years and will expire, or be eligible for renewal, on 12 February 2025.  The permit has been awarded after being offered as block V18-3 in the 2018 Offshore Federal Acreage Release. The permit contains the La Bella gas discovery, which was made in 1993.Â  The previous holders had hoped to produce from the field, before the permit was cancelled in 2017 due to failure to meet the required work programme.  The newly awarded permit lies 15 to 20 km northwest of the Geographe and Thylacine fields, which collectively form the Otway Gas Project. Lattice holds 95% interest in the asset, with joint venture partner Toyota Tsusho Corp holding the remaining 5%.Â  Both fields are producing gas and condensate.  VIC/P73, which covers an area of 200 sq km, was awarded on 13 February 2019.Â  Lattice Energy Ltd holds 100% interest and operatorship of the permit.
Lattice Energy Ltd, a wholly owned subsidiary of Beach Energy Ltd, was awarded exploration permit VIC/P73, located in the Mussel Platform, Otway Basin,