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Neon Energy Awarded Western Australia Offshore PEP

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Neon Energy Awarded Western Australia Offshore PEP
Highlights Neon Energy awarded Block WA-503-P, offshore WA (100%, Operator) Excellent location within oil prone petroleum system Technology play with exploration leads identified on legacy seismic data Minimal work commitment

Neon Energy Limited has announced that the Company has been awarded the WA-503-P offshore petroleum exploration permit, as Operator and 100% working interest holder, having successfully bid in the 2013 Australian Offshore Petroleum Exploration Acreage Gazettal.

Block WA-503-P is located offshore Western Australia within the Dampier Sub-basin, inboard of the giant Northwest Shelf gas field complex and on trend with numerous oil and gas discoveries, including the Legendre and Hurricane fields. Water depths within the block range from 50 metres to 70 metres, within…

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