Project Profile
Value: Undisclosed
Location: Arckaringa and Walloway Basins, Mount Toondina Formation, Australia
Reserves: unknown
Start-up Year: -
In October 2008, Linc Energy acquired South Australia petroleum and gas explorer, SAPEX Limited. The acquisition provided Linc Energy with access to Petroleum Exploration Licences and Exploration Licences across the Arckaringa, St Vincent and Walloway Basins in South Australia. Drilling began in the Arckaringa and Walloway Basins in mid-2009. During February 2010, drilling in the Arckaringa Basin also revealed \'oil shows\'. Linc Energy will now plan to conduct further drilling to gain more information.
Operator:
Linc Energy: Operator with 100% interest
Contractor:
Hunt Energy & Mineral Company: Drilling Contract