Cooper Energy Ltd was awarded production licence VIC/L34, located in the Otway Basin, on 6 September 2019.Â  The licence has been awarded adjacent to the Halladale gas discoveries, which were made in April 2005.  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/RL12 was surrendered on 6 September 2019, to accommodate the award of VIC/L34.  VIC/L34, which covers an area of 7 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/L34, located in the Otway Basin, on 6 September 2019.  The licence has been awarded adjacent to the Halladale gas discoveries,