The permits span 19,213km2 and are considered prospective for conventional oil, shale oil and gas as well as coal seam gas.
The company applied for the four release areas, PLR2011-2-7, PLR2011-2-8, PLR2011-2-9 and PLR2011-2-12, in the 2011 Queensland acreage release.
Exoma now has the right to take up an authority to prospect in each prospect after it successfully completes native title agreements with the current land owners.
The company’s Chinese joint venture partner CNOOC will also have a participating interest in the four new permits, which are located in the Galilee and Eromanga basins adjacent to the company’s existing site.
