Bridgeport Energy Ltd was granted a ten year renewal to exploration permits ATP 2025-P and ATP 2026-P, located in the Cooper-Eromanga Basin, on 12 November and 31 October 2018 respectively.Â  The effective date of both renewals is 1 November 2017 and both are now due to expire on 31 October 2027.   ATP 2025-P and ATP 2026-P were both awarded on 11 August 2017.Â  No wells have yet been drilled in either permit, however there are a number of previously drilled wells within the permits and oil discovery Moothandella 2 is located in ATP 2025-P.  Bridgeport Energy Ltd is looking to farm-out interest in both permits, as part of a wider farm-down of its Cooper-Eromanga Basin assets. Bridgeport is looking to divest its interests via single or multiple farm-in options and negotiable farm-out interest of up to 60% equity. Regional 2D seismic and 3D seismic surveys and exploration wells are planned as part of minimum work commitments. Bridgeport will allow early participants the option to influence the exploration programmes.  ATP 2025-P, which covers an area of 309 sq km, and ATP 2026-P, which covers 1,783 sq km, were granted a renewal in late October and early November 2018.Â  Bridgeport Energy (QLD) Pty Ltd holds 100% interest and operatorship of the permits.
Australia (Eromanga B.) ? op. by BRIDGEPT Q (100.0%) in ATP 2025-P block