The company behind the contentious Pep11 offshore New South Wales gas exploration project has lost patience with persistent delays from the federal and state governments and has asked the court to force them to make a decision.
BPH Energy and Bounty Oil and Gas NL, the parent companies of Pep11 joint-venture operator Asset Energy, notified the Australian Stock Exchange on Tuesday that Asset Energy has begun proceedings in the federal court in Western Australia against the joint authority responsible for determining whether the proposed PEP11 project can proceed.
