Chi Oil & Gas Pty Ltd was awarded exploration permit ATP 2039-P, located in the Adavale-Eromanga Basin, on 29 November 2019. The permit has been awarded for a period of six years and will expire, or be eligible for renewal, on 28 November 2025.  Chi Oil & Gas applied for the block as PLR201718-2-1, and was announced as preferred tenderer on 26 September 2018. Chi Oil & Gas was required to complete the negotiation of land access, native title and environmental agreements before the permit was awarded, as an Authority to Prospect (ATP) permit.   Under the block offer rules, Chi Oil & Gas must produce all gas discovered for the domestic gas market.  There are three historical wells located within the block area. Blondie 1 and Duff Gordon 1 were both dry holes, Buckable 1 encountered oil shows.  ATP 2039-P, which covers an area of 5,263 sq km, was awarded to Chi Oil & Gas on 1 November 2019. Chi Oil & Gas Pty Ltd holds 100% interest and operatorship of the permit.
Chi O&G was awarded ATP 2039-P, 5,263 sq km in the Adavale-Eromanga Basin, south-central QLD.