Statement on PEP-11

I would like to provide a brief update on the current status of the PEP-11 applications.

I have carefully considered all material submitted by Asset Energy Pty Ltd and formed a preliminary view that the applications should be refused.

As part of the ordinary fair process I have given Asset Energy an opportunity to provide further information to address concerns that I currently hold about the applications.

This gives Asset Energy an opportunity to address my concerns before any final decision is made.

Once I receive a response from Asset Energy I will carefully consider any further information provided.

The Australian Government is committed to considering the applications in accordance with due process under the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

I will not make further comment while the process is underway.