Leigh Creek Oil and Gas Pty Ltd. announce that Santos Limited will farm-in and take operatorship of Cooper Basin oil and gas permit Authority to Prospect (ATP) 2023. ATP 2023 is situated in Queensland with hydrocarbon prospectivity in the Cooper and Eromanga Basins. Santos have been highly successful targeting Toolachee Formation gas accumulations in the surrounding permits and identified ATP 2023 as having similar prospects along this trend.

Moderate to high condensate yields have been encountered making discoveries more valuable. With existing gas infrastructure a short distance from ATP 2023 it reduces tie in costs and connection time once a discovery has been made. LCOG has now satisfied the earning obligations for a 20% participating interest in Cooper Basin oil and gas permit Authority to Prospect (ATP) 2023 under the Farm-in Agreement with Bridgeport dated 11 February 2020.