"Based on available information from previous petroleum and coal exploration, SAPEX interprets the Arckaringa Basin as analogous to the Cooper Basin, with the Lower Permian sequence in the Arckaringa equivalent to the Lower Permian oil-bearing sediments in the Patchawarra Trough of the Cooper Basin (e.g. Tirrawarra, Moorai and Fly Lakes oilfields)".
SXP Price at posting:
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