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3D Oil Limited, an associate company of Hibiscus Petroleum Berhad, made an oil exploration and geological survey on a basin in Australia and found oil reservoir at Pavo 1 exploration well in WA-527-P, Bedout Sub-Basin, Western Australia.
They need geological report to apply license and permits to start oil expedition and move on to the next phase - development which they will drill a well to the mentioned reservoir to extract their oil.
Prospect is good.
