Project Profile
Location: Ashmore Platform of the southern Bonaparte / northern Browse Basin, Western Australia
Area: 2,675km²
Water Depth: 60-200 m
Start-up Year: -
AC/P55 exploration permit is located in the Browse basin of the NW shelf in Australia. Finder No 13 Pty Ltd was awarded Exploration Permit for Petroleum AC/P55 on 4 May 2012 (which was gazetted as AC11-2 in the 2011 Commonwealth acreage release round). The Permit is located within the Ashmore Platform of the southern Bonaparte / northern Browse Basin and is approximately 240 km northeast of Troughton Island and approximately 800 km west of Darwin off the northwest coast of Western Australia.
Finder has identified a number of leads in the Upper Cretaceous to Middle Jurassic and Triassic structural oil play in the east of the Permit, with some leads interpreted as having access to direct hydrocarbon charge from the Cartier Graben/Vulcan Sub-basin, eg the Bonza Lead. Additionally, the northern extension of the Zeta Lead (an example of the Permian carbonate structural gas play) has been identified within the Permit.
Operators:
Finder No 13 Pty Ltd (subsidiary of Finder Exploration): Operator with 100% interest