Authority to Prospect ATP 862 - Operator

Description:

ATP 862 lies in Central Queensland immediately north of the Gilmore Gas field and the Kenmore Oil fields. The permit covers a gross area of just under three thousand square miles or approximately 1.85 million acres. Sentry Petroleum Ltd. holds a 93% interest and is Operator. Over one thousand eight hundred line miles of seismic have been shot over the permit area. Five leads have been identified within the application area and rail and road links traverse the permit. A gas pipeline to the Barcaldine Power Station runs to the east of the permit and from there to Gladstone, the site of British Gas' liquid natural gas (LNG) facility.

Potential:

ATP 862 is independently assessed to have potential for the discovery of economic volumes of oil and gas. All four key geological elements are present for the generation of hydrocarbons. The surface geology of the area is dominated by Cretaceous Winton Formation sandstones, siltstones and mudstones with minor recent alluvium associated with the Barcoo River and its tributaries. Separate gas shows were encountered during a seven well analysis and oil was recovered within the Gaza-1, an anticline structure over a pre-Jurassic basement high.

For detailed information on ATP 864, click here