Explore Queensland
ATP 1183 - Roma Shelf Oil and Gas Project
The Company holds 100% of ATP 1183, which is located in close proximity to established production facilities and infrastructure, as shown in Figure 14. There are existing gas processing facilities at Silver Springs (AGL) and Kincora (Armour Energy).
ATP 1183 contains multiple exploration targets, as illustrated in Figure 2 and summarised in the table below.
TABLE 1 | ATP 1183 RESOURCE POTENTIAL
As a precondition to the 2022 resumption of trading of the Company’s shares on the ASX platform (see page 21), in February 2022 the Company drilled the Wellesely-2 exploration well. The well was drilled to a total depth of 1,650 metres but failed to discover gas and was plugged and abandoned on 22 February 2022. The weel provided valuable data to assist with formulation of future exploration plans.
After completion of the near-term Victorian exploration program, the Company will resume exploration activity in Queensland. As regards the Wellesley Prospect, the Company envisages it may carry out an iodine survey to assist with design of a 3D seismic survey to better delinate the Wellesley Dome structure and, in turn, allow selection of site(s) for future exploration drilling.
FIGURE 1 | ATP 1183 LOCATION
FIGURE 2 | EXPLORATION PROSPECTS WITHIN ATP 1183
