Cooper Energy Ltd was awarded production licence VIC/L33, located in the Otway Basin, on 6 September 2019.Â  The licence has been awarded over the Martha gas discovery, which was made in November 2004.  Work commitments for the licence have been outlined to include appraisal and exploration of the block, to determine additional resource presence and potential for development and commerciality of existing hydrocarbons.  Retention lease VIC/RL11 was surrendered on 6 September 2019, to accommodate the award of VIC/L33.  VIC/L33, which covers an area of 128 sq km, was awarded on 6 September 2019.Â  Participants in the licence are Cooper Energy (CH) Pty Ltd (50% + Operator) and Mitsui & Co Ltd (50%), held through two wholly owned subsidiaries Peedamullah Petroleum Pty Ltd (25%) and Mitsui E&P Australia Pty Ltd (25%)
Cooper Energy Ltd was awarded production licence VIC/L33, located in the Otway Basin, on 6 September 2019.  The licence has been awarded over the Martha gas discovery,