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Report indicates gas presence in Sydney basin
May 17, 2021 7:30:am
Summary
by: Shardul Sharma
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Report indicates gas presence in Sydney basin
A report by the Australian government s Geoscience Australia has indicated natural gas features in the offshore Sydney Basin and identified a series of large pockmarks, BPH Energy, whose Advent Energy subsidiary is prospecting for gas in the area, said on May 17.
BPH owns the majority interest in Advent which is an unlisted oil and gas exploration and production company based in Perth, Western Australia. Advent, through wholly-owned subsidiary Asset Energy, holds 85% of PEP 11 in the offshore Sydney basin. Bounty Oil and Gas hold the remaining interest. ....

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