WA-412-P

Browse & Bonaparte Projects

Northern Carnarvon Projects

Basin: Northern Carnarvon Basin, Dampier Sub-basin
Area: 322 km²
Water Depth: 125 - 275 metres
Status: Exploration Permit

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

Finder farmed out 70% equity to Sapura in September 2018 for a carry in the drilling of the Kanga-1 exploration well.
Kanga oil prospect has a gross best estimate prospective resource of 70 mmbbl oil with a geological chance of success of 28%.
New 3D seismic data processing unlocked the robust Kanga Prospect, a horst feature with proven good quality Legendre Formation reservoir.
With success at Kanga-1, a quick timeframe to first oil is possible utilising a FPSO tied back to sub-sea wells.