RPS Energy Pty Ltd (RPS), an acknowledged Oil & Gas industry consultancy firm, was retained to report on both the oil shale prospectivity of the application areas as well as on the conventional hydrocarbon prospectivity. Although exploration activities are only in the very early stages, application areas EP(A) 114, EP(A) 150 and EP(A) 151 are all inferred to contain substantial oil shale prospectivity. RPS has identified 32 separate areas within these three applications. The study infers that the combined resource potential of the 32 areas is over 5 billion barrels of oil. All individual areas greater than 20 square kilometres have the potential to contain more than 100 million barrels of oil.
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