stage is set for the biggest run of 2012, page-94

McArthur Basin - Australia
Early stage exploration – 14.5 million acres black shale targeting +12Tcfe
NOTE 1: EP(A) 187 - gas pipeline PASSES through


YES we have the McArthur Basin - Australia

Held by Imperial Oil & Gas (100% owned subsidiary)
? 14.6mm acres in the MacArthur & Georgina Basins, NT
? Large scale shale oil & gas exploration play
? Low historic exploration maturity
? Target - organic rich black oil and gas shales of the
Barney Creek Formation of Palaeo- and Meso-Proterozoic age
? Shales up to 4,000 ft thick in regions
? Oil and bitumen bleeds in core
? Proven to be gas-prone. A mineral exploration well GRNT-9
(in adjacent lease) ignited and produced a 6m flare for 6 months.
Estimated 0.5Bcf flow over the 6 months
? Initial exploration areas of interest identified and
negotiations commenced. First Licences expected
commencing 2012
? Licence Categories:
? 1: EP(A) 187 - gas pipeline passes through
? 2: EP(A) 180 to 184, 187 (Aboriginal Land)
? 3: EP(A) 188 (Native Title)
? Target +12Tcf
McArthur Basin-Shale
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