The company has identified this potential in its Perth Basin acreage following the Bookara 3D seismic revealed numerous new oil prospects.
Triangle Energy has interpreted additional oil potential using the latest 3D seismic data on the L7 and EP 437 permits, in its Joint Venture with Strike Energy New Zealand Oil and Gas in the North Perth Basin.
The review has resulted in updated Operator’s resource estimates for the L7 and EP 437 permits.
Discussions are underway to secure rig slots to drill mid 2024. The two most likely wells are on the Booth and Becos prospects.
The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Jurassic sandstones.
The previously identified Becos oil prospect in EP 437 will be the second well in the program, targeting the Bookara sandstone.
Several other attractive gas prospects located in the L7 permit are also potential drill candidates, such as Huntswell Deep, which is a previously unmapped structure that has been identified on the 3D seismic, and MH-2 Updip, located in the central portion of L7.
In addition to the previously identified gas prospects the new oil prospects significantly add to a broad portfolio of exploration potential within the Triangle permits.
Recent and ongoing evaluation of the seismic data has also identified a large basement high underlying the MH-2 Updip prospect.
This is an untested play underlying potential Jurassic to Permian oil-prone sandstone reservoirs in this area near Mount Horner Oil Field.
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