Project Profile
Location: Otway Basin, southwestern Victoria, Australia
Area: 3,212 sq km
Licence award: August 26, 2013
Licence expiry: August 26, 2019
Start-up Year: -
Victorian Government has granted a new exploration permit, PEP 150, for initial 5 year terms commencing August 26, 2013 to Cooper Energy Limited. Cooper Energy considers the permit to be prospective for both oil and gas in the Sawpit and Casterton Formations, with a range of conventional and unconventional plays identified. Initial activity is expected to consist of acquisition of 3-D and 2-D seismic in 2014, followed by exploration drilling in both permits in subsequent years.
Operators:
Beach Energy Limited/Mawson Petroleum Pty Ltd: Operator with 50% interest
Cooper Energy Limited (through Somerton Energy Pty Ltd): 20% interest
Bass Strait Oil Limited: 15% interest
Bridgeport Energy Limited: 15% interest