Project Profile
Area: 649 sq km
Location: PEL 95, South-west Queensland
Petroleum Exploration Licence No. 95 is situated on the southern margin of the Cooper/Eromanga Basin, South Australia. The fourth year of the licence covers the period 30th October 2004 to 29th October 2005.
One well, Almonta-1, was drilled during the permit year. It spudded on 21/03/05 and drilled to a total depth of 2027 metres. Almonta-1 targeted a 4-way dip closure up-dip from Tilparee-A1. Minor fluorescence was encountered in Mid Jurassic Birkhead siltstones and oil staining over a 3m interval at the top Hutton Sandstone. No further shows were encountered and the well was subsequently plugged and abandoned. Rig release date was 4/04/05.
The Joint Venture acquired a total of 66 km of new seismic during 2005, as part of Beach Petroleum’s Discus Seismic Survey. Processing of this seismic has commenced and will be completed and incorporated into new mapping in the next permit year. At the end of year 4, the total acquired seismic was 268km in excess of the guaranteed work commitment.
Operators:
Beach Petroleum Ltd: Operator with 50% interest
Strike Energy: 50% interest