The Western Australian Government has opened applications for Round 24 of the exploration incentive scheme (EIS) co-funded drilling program and Series 2 of the co-funded Energy Analysis Project (EAP) program.
The competitive grants program offers refunds up to 50 per cent for innovative exploration drilling and EAP projects, capped at specific amounts.
At the completion of Round 21 drilling across the 2020-21 financial year, 69 per cent of projects with EIS funding completed drilling, exceeding the historical average of 59 per cent.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.