Project Profile
Value: Undisclosed
Location: southern part of the onshore Perth Basin, coast of Western Australia, between the towns of Mandurah and Bunbury, Australia
Reserves: unknown
Area: 2,310 km2
Start-up Year: -
Permits EP416 and EP480 are contiguous permits located in the southern part of the onshore Perth Basin, on the coast of Western Australia between the towns of Mandurah and Bunbury. The permits cover a combined area of 2,310 km2, and have been only lightly explored. Only three wells have been drilled within the permits, two of which were drilled in the 1960’s. A more recent well, drilled in 2012 as part of a carbon geosequestration study program, confirms the presence of good quality sandstone reservoir intervals. The primary reservoir target is the Permian Sue Sandstone, with a secondary target in the overlying Lesueur Sandstones. It is expected that these reservoirs will be sourced by gas generated from coal measures within the Sue Formation. Existing 2D seismic data confirms the presence of a large structure across the permits, with over 200km2 of closure mapped at the Sue Sandstone reservoir level. The working interests in EP416/480 are now as follows: Pilot Energy 60% (Operator); Empire Oil & Gas 40%. Pilot Energy is presently finalising its interpretation of the aero-geophysical survey acquired over the permits by Empire during 2015, and will provide a prospectivity update in due course. The basin is generally prospective for gas (with some oil and condensate) and is well served by gas distribution infrastructure, with the Dampier to Bunbury gas pipeline running almost the full extent of the basin (and directly across EP416 and EP480).
Operators:
Pilot Energy: Operator with 60% interest
Empire Oil & Gas: 40% interest