Description

ATP 866 is a rectangular block and covers an area of approximately 1.5 million acres or two thousand four hundred square miles. The permit lies south east of the Gilmore Gas field and is traversed by rail and road links. Sentry Petroleum Ltd. holds a 100% working interest and is Operator. Over 600 line miles of seismic has been shot across the permit with surface geology dominated by Quaternary residual sediments with outcrops of cretaceous siltsones. Seven leads have been identified to date.

Potential

ATP 866 is assessed to have the potential for the discovery of economic volumes of hydrocarbons. All four key geological elements are present for the generation of hydrocarbons. Two previously drilled wells (Qulberry and Mount Morris-1) encountered hydrocarbon shows in the Devonian Log Creek formation. The primary target, the Eromanga basin sequence, contains excellent quality sandstone reservoirs. The Galilee basin sequence suggests a high energy fluvial environment. The sandy Permian section suggests a fairly high energy fluvial environment, possibly glacial outwash fans.

Leads & Prospects ATP 866