Moby and its joint venture partners have completed an internal technical review of Judith-1 in permit VIC/P47 in the Gippsland Basin, and plan to continue further mapping and technical review.
The joint venture is also looking for parties to earn a stake in the permit by contributing to the contributing to the cost of drilling an appraisal to acquire more data on the accumulation.
Judith-1 is interpreted to be gas-bearing in the Emperor Subgroup based on logs and shows.
Elsewhere in the Gippsland Basin, the VIC/P41 joint venture is seeking farm-in parties to earn an interest in VIC P41 in return for funding the drilling of prospects defined by 3D seismic defined prospects.
A 250km seismic survey for the east of VIC P41 is also scheduled for June this year as part of a multi-operator consortium conducting 2D seismic acquisition in various permits in southeast Australia.
The survey is designed to better define the eastern area of the permit where several leads are delineated only on sparse existing data.
In VIC/P53, Stuart Petroleum is planning to drill Bazzard-1 as the first of a two-well farmi-in obligation.
Stuart was appointed operator with a 50% interest in the area as the result of a farm-out.
Moby has an 8.3% stake in the permit.
The report also mentioned that joint venture partners in VIC/P45 would drill a second well after the abandonment of Coelacanth-1 in March.
Joint partner Apache Energy would meet the costs of drilling, but may elect to withdraw from the commitment and reconvey its 66.67% to Moby and Exoil equally, the report said.
Moby currently has a 16.67% stake in VIC P45 and Exoil has 16.66%.
Meanwhile in the Otway Basin, Moby said it may withdraw from VIC/P61 after the acquisition of a 2D seismic program, expected to take place in early 2009.
Moby had agreed to earn a 20% interest in the permit in return for meeting a 20% share of past costs and future ongoing costs.
In nearby EPP 34, a seismic grid of 1100km of new 2D data will be shot as part of a proposed group shoot program beginning in early May.
Moby has a 20% interest in the permit. United Oil and Gas has 30%, while National Energy and Exoil have 25% each.
