Project Profile
Value: Undisclosed
Location: Perth, west of Australia
Area: 17,475 km2
Permit WA-481-P is located in shallow waters, to the west of the onshore Dongara, Beharra Springs and Waitsia gasfields, and the Jingemia, Hovea and Cliff Head oilfields. Pilot Energy’s onshore exploration permit EP437 lies approx. 10km to the east. WA-481-P is a large block within shallow waters, that covers a significant portion (17,475 km2) of the offshore extension North Perth basin. The primary petroleum plays are oil and/or gas within the Dongara Sandstone and the Irwin River Coal Measures. Both oil and gas are proven within the permit, with the Frankland gas and the Dunsborough oil discoveries representing contingent resources.
Pilot Energy has executed an agreement with Murphy to acquire a 100% working interest in exploration permit WA-481-P. Pilot Energy will be assigned the interest in return for paying Murphy a Net Profits Interest on any future hydrocarbon production from within the permit. (August, 2016)
Operator:
Pilot Energy Ltd: Operator with 60% interest
Key Petroleum Ltd.: 40% interest