$25,000,000
Australia VIC/P47
Emperor Energy are seeking a partner to help develop two fields discovered on the block, Moby Gas Field and the Judith Gas Field.
- Water depths: 20 – 85 m
- Two-gas discovery wells drilled within the permit:
- Judith-1 drilled by Shell in 1989
- Moby-1 drilled by Bass Strait Oil in 2004
- 3D seismic reprocessing, mapping and interpretation completed in August 2017
- 1.8 Tcf Gas in Place Estimate at Judith Prospect
- Longtom gas field 15 km to west of Vic/P47 provides a good analogy for successful appraisal, potential development and production from Emperor Group Reservoirs at Judith
- Judith is located 2 km north of the Kipper Gas Field recently into production by Esso / BHP
- Application to renew permit for 5 years lodged with NOPTA in August 2017
Details
Asset Name
: Australia VIC/P47
Ref
: AP-AUS-VICP47
Continent
: Asia Pacific
Country
: Australia
Location
: Offshore
Project Phase
: Exploration
Latitude
: -38.04
Longitude
: 148.5
License Start
: 2017
Operator
: Emperor Energy
Farmout company
: Emperor Energy
Mandated Agent
: none
Work Programmes
: Development
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $25,000,000