On 30 June 2020 Gidgee Energy Pty Ltd was announced as preferred tender for the bid block CO2019-D, located in the Cooper-Eromanga Basins. The block, which will be granted as petroleum exploration licence PELA 679, was released as part of the 2019 South Australian Acreage Release and covers an area of approximately 742 sq km.     Gidgee has proposed firm work commitments for the first five-year term of the permit and includes the drilling of a minimum of seven wells, with the option to drill an eighth if required. The total guaranteed work programme costs will be AUD 23.45 million.    Native Title approvals are required before the South Australian Government can formally award the permit. Once granted, Gidgee Energy will hold 100% interest and operatorship.    CO2019-D, which covers an area of 742.24 sq km, is one of six blocks to be awarded by the South Australian Government following the successful 2019 bid round in the Cooper and Otway Basins. Six companies have been awarded interest along with Gidgee Energy, including Beach Energy Ltd, Cooper Energy, Leigh Creek, Oilex/Armour (Cordillo Energy) and Vintage Energy. The total acreage awarded covers around 15,000 sq km.
Oilex sub Cordillo has been successful in its application for block CO2019-D, in the Northern O&G Fairway of the Eromanga Basin. Commitments include 250 sq km of 3D seismic + 2 wells in 5 years. The block is part of Oilex's proposed sale to Armour Energy.