OBL transfers part interest offshore Australia to Strategic Energy

Oil Basins Ltd. (ASX:OBL) has transferred 7.5% of offshore permit VIC/P41 to Strategic Energy Resources Ltd. (ASX:SER).

Offshore staff

MELBOUNE, Australia –Oil Basins Ltd. (ASX:OBL) has transferred 7.5% of offshore permit VIC/P41 to Strategic Energy Resources Ltd. (ASX:SER).

The permit is in the Gippsland basin offshore Victoria, Australia.

Ownership now is Bass Strait Oil Co. Ltd (ASX:BAS), 45%; operator Moby Oil & Gas Ltd (ASX:MOG), 25%; Strategic Energy Resources Ltd., 17.5%; and Oil Basins Ltd., 12.5%.

6/15/2012

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