http://www.abc.net.au/news/2014-06-17/permits-relinquished-petroluem-exploration-northern-territory/5528750

Two on-shore petroleum exploration permits are up for grabs after the Northern Territory Government relinquished them from existing holders.

It's the first time this has happened under new legislation introduced in January last year, bringing the Territory in line with most other states and off-shore exploration.

The idea is to encourage activity by relinquishing permits from companies that aren't doing anything with them, and offer them up for tender.

Exploration company Falcon Oil & Gas has lost parts of three of its permits in the Beetaloo Basin, which will be offered up as one new permit.