elephant territory

“I am extremely excited at the prospect of exploring this region as it has seen such a low level of systematic exploration. Our evaluation of the Canning Basin suggests that it has all the hallmarks of a major petroleum province.”

The Blina/Fitzroy trough area has seen the development of the only commercial fields in the basin to date, however ARC feels there are other areas of major potential as evidenced by the 1967 Yulleroo wet gas discovery.

The well identified 700m of excellent seal, 50m of wet gas pay in fairly poor reservoir, and some 1200m of underlying deep water marine shales.

More recent seismic data has shown Yulleroo-1 to be 500m down-dip from the structural crest with a reservoir that appears to be delta sand which improves in quality in the up-dip direction to the east. There are nine similar prospects within the permit, ARC said."

Full article at http://www.riu.com.au/news/article.aspx?id=46

"The field has an estimated 2 tcf of gas and 70-150 mm barrels of oil. The potential for the enhancement of the field is good ... the last well drilled was in 1967."

Full article at http://www.gasandoil.com/GOC/company/cns12543.htm