Project Profile
Value: Undisclosed
Location: Browse basin, off the north-west of Australia, Australia
Area: 14,000 square kilometres
Start-up Year: -
IPB Petroleum has been awarded a third exploration block in the Browse basin off the northwest of Australia. The newly-listed company had been granted 100% ownership of petroleum exploration permit WA-485-P for a period of six years. The first three years of the committed work programme will include studies in each year, plus 3D seismic acquisition in the second year and the drilling of two exploration wells in the third year. IPB now holds about 14,000 square kilometres of acreage. IPB planned to start drilling the Pryderi-1 in the third quarter of 2013. The company planned to announce the results of a detailed resource estimation for WA-485-P around mid-June 2013.
Operators:
IPB Petroleum: Operator with 100% interest