Oil Basins acquires Permit Vic/P47 in Gippsland Basin

Oil Basins Ltd.

Oil Basins Ltd. has provided an update on its ongoing activities in Vic/P47 in the Gippsland Basin, offshore Australia. The company says that it has been confirmed from the National Offshore Petroleum Titles Administrator (NOPTA) that the transfer to Oil Basins and its wholly owned subsidiary Shelf Oil Pty Ltd. of the remaining interest in petroleum exploration permit Vic/P47 has been approved and registered.

The OBL Group now has 100% of the registered title and interest in Vic/P47 containing the two gas fields being the Judith Gas Field and the Moby location.

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