Canning Basin – Application L07-1
Brief Geological Review
The area consists almost entirely of Fitzoy Graben sediments. The northwestern half of the area lies under King Sound and associated tidal flats. As this area is not more prospective than the southeastern half, but is far more expensive to explore, this review will concentrate on the southeastern half.
The area has a thick sequence of Fitzroy Graben sediments. There is a broad syncline trending northwest – southeast centred on the mouth of the Fitzroy River.
Three wells have been drilled in the area, or immediately adjacent, in this graben sequence. They are Booran-1, East Yeeda-1 and Millard-1.
Booran-1 was drilled on a large anticline on the Derby Peninsular. East Yeeda-1 was drilled on a faulted anticline with the Anderson Formation as the primary target. Millard-1 was drilled on a large, simple anticline to target the Grant Formation.
Refer to Figures 1 and 2 for location of Application L07-1 and the attached public domain Report sourced from the WA Geological Survey.
Current Status
The Application is subject to Native Title being satisfactorily negotiated with the stakeholders principally the Kimberly Land Council.
Upon being awarded an exploration permit by the WA DoIR, the Joint Venture participants will be as follows:
- Backreef Oil Ltd (Operator) 50%
- Oil Basins Limited 50%
No significant expenditures are likely to occur until approvals from all relevant stakeholders and authorities are attained.
JV Announcements
Geological Report
Report by WA Geological Survey |
