Stuart Petroleum Cooper Basin Pty Ltd, a wholly owned subsidiary of Senex Energy Ltd has been awarded two production licences over the Lacerta coalbed methane (CBM) field â PL 1023 and PL 1014, Bowen-Surat Basins. The licences are valid from 23 July 2019 after applications were submitted in December 2016. They are valid for a period of 30 years and scheduled to expire on 22 July 2049. To accommodate the awards, exploration permit ATP 795-P has been relinquished and ATP 767-P has been reduced in area.  The Lacerta field is now completely covered by PLs after PL 1022, which covers the eastern area of the field, was previously awarded to Stuart Petroleum on 26 April 2018. The three production licences are part of Senexâs Western Surat Gas Project, over the Glenora and Eos project areas.Â  Lacerta was discovered in 2006 and trail production commenced in 2007. A financial investment decision was initial made in 2018 for Roma North of the Western Surat Gas Project and most recently, approval for a 50 well drilling campaign in June 2019. Â   ATP 795-P, which covered an area of 218 sq km was awarded on 21 October 2005 and reached its expiry period on 31 October 2017, after the submission of the PL applications. The permit is no longer active.  ATP 767-P was awarded on 18 June 2004 and is scheduled to expire on 30 June 2026 after a third successful renewal in July 2018. To accommodate the PL awards, the permit has been reduced in area by approximately 75%, from 314 to 77 sq km. The remaining area covers the Pegasus coalbed methane field.  PL 1023 and PL 1024, which cover a combined area of 456 sq km over the Lacerta field, were awarded on 23 July 2019. Stuart Petroleum Cooper Basin Gas Pty Ltd, a Senex Energy subsidiary, holds 100% interest and operatorship of the licence.
Senex Energy Ltd has been awarded two production licences over the Lacerta coalbed methane (CBM) field â PL 1023 and PL 1014, Bowen-Surat Basins.