Location and Status

Basin: Northern Carnarvon Basin, Barrow Sub-basin
Area: 1,344 km2
Water Depth: 0 - 60 metres
Status: Exploration Permit

Interests

Finder Energy (30%)
Sapura Exploration and Production (70%, Operator)

Permit Highlights

  • Finder acquired the first 3D seismic in the Permit which led to the identification of the Eagle prospect.
  • Finder farmed out 70% equity to Sapura in September 2018 for a carry in the drilling of the Eagle-1 exploration well, currently planned for Q1 2020.
  • Eagle prospect is a low risk 3D defined AVO supported prospect with Triassic Mungaroo Formation sand target.
  • Eagle prospect has a gross best estimate prospective resource of 1 TCF and 20 mmbbl of associated condensate with a geological chance of success of 31%.
  • Excellent location close to the mainland and suitable infrastructure provides multiple commercial development pathways in success.
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© 2020 Finder Energy Ltd.