Bridgeport Energy Ltd was awarded exploration licence PEL 641, located in the Cooper-Eromanga Basin, on 9 February 2018.Â  The permit has been awarded for a period of five years and will expire, or be eligible for renewal, on 8 February 2023. Bridgeport applied for the permit in August 2014, after it was offered in the 2013 South Australia Cooper Basin Acreage Release as block CO2013-C. Work commitments have been assigned for the duration of the permitâs validity and will include 200 km new 2D and 200 sq km new 3D seismic in years one and two respectively, plus five exploration wells: one in year three, between February 2020 and February 2021 and two in each of years four and five. The licence are contains part of the Maslins oil discovery, which was made in 2002, though reservoir quality was considered to be low. PEL 641, which covers an area of 1,953 sq km, was awarded on 9 February 2018.Â  Bridgeport (Cooper Basin) Pty Ltd holds 100% interest and operatorship of the licence.
Bridgeport Energy (100%) was awarded exploration licence PEL 641.