KEYFACT Energy
Armour Energy advises that Cordillio Energy has been successful in bidding for Block CO2019-E (PELA 677) (“Block C”) in the northern flank of the Cooper Basin in South Australia (see map below). Gazettal Block C forms one of five hydrocarbon exploration licence blocks released for competitive bidding by the South Australian Department of Energy and Mining (“DEM”) in 2019.
Cooper Basin Permits to be Acquired
Cordillo is currently a wholly owned subsidiary of Oilex Limited, and is one of the group of companies holding all of Oilex’s interests in the South Australian Cooper-Eromanga Basins (including this award of Block C) which are in the process of being acquired by Armour Energy, as announced on 15 June 2020.
KeyFacts Energy: Armour Energy Australia country profile