Project Profile
Location: Southwestern flank of the Cooper Basin, State of South Australia, Australia
Reserves: 56 - 70 million barrels
Area: 2,196 sq km (542,643 gross acres)
Start-up Year: -
PEL 112 is a petroleum exploration license in Australia and is comprised of 2,196 square kilometres (542,643 gross acres). The license is located on the southwestern flank of the Cooper Basin in the State of South Australia. PEL 112 permit is approximately 35 kilometres west of the Cooper Basin margin.
Recent drilling adjacent to PEL 112 has resulted in 20 of 27 wells drilled successfully with initial production rates ranging up to 3,000 barrels of oil per day. In 2008-2009 alone, eight new oil fields from 30km to 12km from PEL 112 were discovered containing from 1 to 11 million barrels of unrisked in-place prospective resources. Holloman Energy Corp identified 38 leads on PEL 112. Five of these leads were targeted for evaluation and were determined to have mean unrisked in-place prospective resources ranging from 56 million barrels to 70 million barrels for a 100% working interest. The mean unrisked recoverable prospective resource potential for the five leads range from 19 million barrels to 24 million barrels and the total mean unrisked recoverable prospective resource potential for the five leads is greater than 100 million barrels. Migration path analysis was conducted by ISIS Petroleum Consultants Pty. Ltd. of Australia.
Operators:
Holloman Energy Corp.: Operator
Claren Energy: 51.5%% interest
Contractors:
ISIS Petroleum Consultants Pty. Ltd.: Migration path analysis