|Holding||Preferred Tenderer at 100%|
|Targets||Cambrian-aged Arthur Creek “Hot Shale” Formation, Thorntonia Limestone, Steamboat Sandstone|
|Work Completed||None to date – application areas|
|Infrastructure||Gas pipeline to Mt Isa|
Blue Energy successfully tendered for ATP1114A, ATP1117A & ATP1123A within the Southern Georgina Basin Queensland. The three large contiguous tenure areas are located on the NT/QLD border approximately 50km southwest of Mount Isa.
The Georgina Basin has been sparsely explored to date, with efforts previously focused on conventional structural hydrocarbon opportunities within the southern parts of the basin. The Arthur Creek Formation represents a potentially large unconventional hydrocarbon opportunity, which is believed to be oil prone. Geoscience Australia has undertaken a comprehensive geochemical analysis of source rock extracts from existing well data in the basin and has identified at least three valid and active petroleum systems.
Blue Energy’s focus will be on the assessment for shale oil potential. Central Petroleum/Total and PetroFrontier/Statoil are among the active operators with adjacent acreage to Blue Energy’s Southern Georgina Basin permits.