Cooper Basin: ADE 10% Equity in Permian & 20% in Post Permian
A geological legacy of marine flooding of the central Australian continent during the Mesozoic Era and invaluable National asset hosting hydrocarbons and water reserves of the Great Artesian Basin. ADE acquired 219 km 2D seismic in 2008.
The Eromanga Basin contains the oil prospective Namur and Hutton sandstone reservoirs
High heat flows ensure organic material has entered the generative “oil window”
Numerous anticlinal plays have been identified and 3 matured to Prospect status
Farm-in partners drilled the first Eromanga well in PEL 218 in 2009 Wakefield 1 oil shows and potential coal seam gas prospects were identified and are currently being evaluated.
The 2008 Wakefield Seismic Survey acquired 219 km 2D seismic to delineate additional plays in the permit.
ADE has met all obligations in PEL 218 under Native Title agreements and Work Area Clearance to protect sites of cultural significance
A major shale gas drilling program is currently underway into the Permian section.
