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Australia: Melbana Energy farming out offshore exploration permits located in the located in the prolific Bonaparte Basin and Northwest Shelf


11 Jun 2024

Photo - see caption

Melbana Energy is seeking a farm-in partner for offshore exploration permits AC/P70, NT/P87 and WA-544-P, located in the prolific Bonaparte Basin and Northwest Shelf. Melbana Energy is currently 100% equity holder and operator of the three exploration permits.

Photo - see caption
Melbana Energy exploration permits. (Source: Melbana Energy

• All permits are located within less that 100m of water, close to existing infrastructure.
• Numerous leads throughout both the Paleozoic and Mesozoic have been matured and prospective for gas.
• Opportunities a mixture of proven fairways and new play concepts, not historically exploited.
• Seismic reprocessing is close to complete in AC/P70 and seismic acquisition is planned for NT/P87 & WA-544-P to mature and rank leads.

Opportunity for early-stage farm-in to AC/P70 and maturing preferred leads in NT/P87 & WA-544-P to drill-ready status.

The opportunity was presented at at the SEAPEX Evening Talks in Singapore on June 7th. A copy of the farm-out presentation can be found on Melbana’s website at https://melbana.com/site/investors/recent-presentations1

Original announcement link

Source: Melbana Energy





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