Titan Energy (ASX: TTE) (“the Company”) is pleased to provide this update on its North Perth Basin permit, EP 455, Western Australia.
Permit Highlights
? Highly prospective petroleum title covering 445km2
? Large prospective resource (See Perth Basin independent resource estimate AWE 06.02.2014)
? Comprehensive well log database in conjunction with geophysical data
? Experienced operator and joint venture partner AWE Limited (ASX: AWE)
? Targeting four unconventional formations
? Drilling to commence Drover #1
Exploration Permit (EP) 455 in the North Perth Basin, Western Australia totals 110,000 acres of petroleum tenure. Titan Energy holds an 18.5% non-operating Working Interest, and AWE Limited (“AWE”) holds the remaining 81.5%.
north perth basin
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