Grant of Cooper Basin Petroleum Licence; LCK Managing Director Phil Staveley commented on the award of PEL 676:“LCK’s portfolio of Cooper Basin exploration permits allow the Company to diversify activities with asecondary development project which complements the Leigh Creek Energy Project (LCEP). While building the LCEP remains our ongoing focus the grant of PEL 676 illustrates our continued progress on our portfolio diversification strategy and the ongoing support of the South Australian Government”
- Awarded Petroleum Exploration License 676 in the key Cooper Basin acreage by the South Australian Minister of Energy and Mining
- Native Title agreement completed and work program agreed
- Next steps include a farm down, followed by drilling of exploration wells
- Continues progress on LCK strategy of portfolio diversification
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