MKY mky resources ltd

reading ann again .. a govt funded survey will be undertaken on...

  1. NLR
    558 Posts.
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    reading ann again .. a govt funded survey will be undertaken on the additional 3,488km2 ground recently acquired from Newcrest to which we can contribute to costs..agree with Billy Gatess, monies in the till, the flagship tenements are drill ready, the geothermal tenements overlay so drilling will produce results on that front as well, the recently acquired leases will be govt funded surveyed..anything is possible..has anyone added up the total U-ground we have..there's over 7,000km2 in SA alone

    "The Curnamona Project is supported by an extensive tenement position covering 3533km2 and is close to the producing Beverley Uranium Mine and advanced projects at Oban, Honeymoon and 4 Mile. An additional 3488 km2 of ground recently acquired from Newcrest in the Frome/Curnamona area will be flown by a Government funded airborne electromagnetic survey later this year. The option exists to contribute to the survey to increase the detail over newly acquired ground."


    and the Beetaloo Basin tenements in NT are interesting also..see below extract from dme.nt.gov.au..bearing in mind SK Energy our soon to be m/s/h is Korea's largest gas & oil/energy company..could be more than uranium there

    Mesoproterozoic oil and gas potential of the Beetaloo Basin, Northern Territory, Australia
    Matthew R Silverman1
    1 Exploration Manager, Sweetpea Petroleum, 621 17th Street, Suite 1640, Denver Colorado 80293, USA.
    Thick sandstone reservoirs, oil-prone Precambrian source rocks, and large structural closures are present in the Northern Territory’s Beetaloo Basin. Highly encouraging shows are noted in several wells. Reinterpretation of the basin’s burial history and reprocessing of seismic data have revealed substantial exploration potential from rocks up to 1.4 billion years old.

    Only 11 wells have been drilled in the entire basin. Total depths in the previous wells rarely exceeded 2000 m, though at least 3000 m of potentially prospective section is present. Structural traps and conventional sandstone reservoirs have since been identified, and any production to be established would be among the oldest in the world.
    Sandstones in the upper portion of the Mesoproterozoic Roper Group are the key objectives. New work on the burial history of these strata suggests that peak hydrocarbon generation may be much younger than previously thought, greatly increasing the potential for preserved traps.
    Reprocessing of 2-D seismic data indicates plays and leads that were not evaluated by earlier drilling. Proterozoic clastics are most prospective on large closed structures and in faulted areas, where permeability has been enhanced by fracturing. Other plays include stratigraphic and combination traps in sandstones with conventional porosity, continuous-type gas accumulations in tight sandstones near the basin center, and regional terminations or unconformity traps at the basin margins.
    The Beetaloo Basin offers the unusual opportunity to discover petroleum giants in a frontier basin with a documented hydrocarbon system. Organic-rich shales act as source rocks and the three major reservoir sandstones all have overlying thick seal facies. Enormous volumes of oil and gas appear to have been generated and migrated into reservoirs on large untested structures.
 
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