Melbana Energy announces that one of its wholly owned subsidiaries has been granted petroleum exploration permit WA-552-P (Permit), located offshore Western Australia in the Dampier Sub-basin of the Northern Carnarvon basin. Melbana made an application for this Permit under the Australian Government’s 2022 Offshore Petroleum Exploration Acreage Release.

The Permit has been granted for an initial period of six years, with work requirements for the primary term (the initial three years) being desktop work only. Progressing from the primary term to the secondary term is at Melbana’s election.

Melbana Energy’s Executive Chairman, Andrew Purcell, commented: 
“The Future Gas Strategy released by the Federal Government earlier this year stated that natural gas will remain an important part of Australia’s energy mix to 2050 and beyond. The grant of this Permit gives our geoscientists the opportunity to study the existing data set covering the Permit to leverage the experience they have gained with similar exploration themes elsewhere offshore Australia to try and help address the looming projected gas supply deficit. We are pleased that their expertise in identifying and defining significant new exploration targets has been recognised alongside the likes of Esso, Chevron, INPEX and Woodside who were also granted permits in the first new acreage release for several years”.

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