Adelaide Energy Limited
Adelaide Energy Limited
 

Projects – PEL 105 :

Cooper Basin : ADE 50% equity

The northern Cooper Basin province hosts the massive 100 MMbbl Tirrawarra Oil Field in the liquids-rich Patchawarra Trough. ADE acquired 93 km 2D seismic in 2008 to high-grade drilling targets in this proven hydrocarbon province.

  • PEL 105 spans the central Patchawarra Trough from the Permit’s western limit between the Moorari and Kudrieke fields east to the huge Santos-operated Bookabourdie Field
  • Re-interpretation of geophysical data has allowed ADE to identify a large hydrocarbon target between the producing Moorari and Kudrieke fields
  • The Pirie-1 exploration well will be drilled in 2010 on a significant closure above the abandoned 1983 Toonman-1 well
  • Toonman intersected tight hydrocarbon saturated sand in an era when fracture stimulation was in its infancy – ADE will fracture the tight sands to access un-risked P10 OOIP of 23 MMbbl and P50 OOIP 2 MMbbl.
  • The 2008 Wakefield Seismic Survey acquired 93 km 2D seismic to identify and mature a range of drilling targets including around the flanks of the Bookabourdie structure.
  • Proximity to pipeline infrastructure and processing facilities high-grades all discoveries in PEL 105