PEL00135 in the Otway basin was granted to Beach Petroleum on 8th Nov 2001. Initial in-house technical studies were completed by the operator with emphasis on structural history, burial history, migration pathways, and fault seal analysis. Detailed mapping was done over the areas that were high-graded by the regional mapping and geological studies. A Stress Study of PELs 135 & 136 was conducted by Predrill Stresses International. Using indicators identified on the seismic data, Predrill Stresses International classified the Licenses into areas more and less likely to be subject to fault seal breaching. The areas with lower risk were then reinvestigated, but no drillable prospects were identified. The licence was subsequently surrendered on 7th May 2003.