Oilex gas been granted an exploration permit in Western Australia.
The WA Department of Mines and Petroleum (DMP) approved the firm’s application to convert its Special Prospecting Authority (SPA 17 AO) application to an exploration permit.
The final report for the SPA 17 AO incorporated fresh survey data with 2D seismic, regional gravity, magnetic, surface geological and well data.
It confirmed Oilex’s structural model of the Wallal Graben.
Under the terms of the special prospecting authority Oilex had exclusive right to negotiate a formal exploration permit with the government of Western Australia.
The news follows the company’s recent endorsement from the Indian government.