PEP 170

Location
PEP 170 is located in Victoria's Gippsland Basin and includes the township of Darriman, in the north of the permit, and the township of Woodside, in the south.  The permit is also proximate to Port Anthony, which could potentially be used as a location for future export facilities. The tenement covers a total area of 804km².

Interest Held
Icon Energy - 100% (Operator)

Prospect Type & Extent
PEP 170 is prospective for oil and natural gas.

Update on PEP 170
Following its review of the Parliamentary Inquiry into Unconventional Gas in Victoria, the Victorian Government announced on 30 August 2016 a permanent ban on the exploration and development of all onshore unconventional gas in Victoria, including hydraulic fracturing (“fracking”) and coal seam gas.

The Victorian Government will also legislate to extend the current moratorium on the exploration and development of conventional onshore gas until 30 June 2020.

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