Advent Energy and 15% partner Bounty O+G have agreed to jointly farmout a 10% stake in PEP 11,Â  4,574 sq km off NSW, Sydney Basin, to RL Energy in exchange for funding a commitment 200km 2D seismic survey and processing/interpretation (up to a cap). RL can run up to 50% if it funds 85% of committed 3D seismic (up to a cap). PEP 11 otherwise still remains open for farmin.  
Australia (Sydney B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: PEP 11 op. by ASSET EN (85.0%, ASSET EN 85.0%, BOUNTY 15.0%, BOUNTY 15.0%) to be check.