$10,000,000
Australia EPP41
Bight Petroleum Corp (op 100%) is seeking a partner to fund a 3D seismic survey over Blocks EPP41 & EPP42.
Bight’s permits are on trend with Karoon Gas, Statoil, Murphy and Santos, and cover both shallow and deep water environments.
Multiple targets and stacked reservoirs have been proven by historical drilling on the permits.
A working petroleum system is supported by the Greenly-1 well which has stacked oil and gas shows, and by several DHIs on the existing 2D seismic data.
The permits are close to shore and infrastructure that would allow quick tie into ready markets.
Details
Asset Name
: Australia EPP41
Ref
: AP-AUS-EPP41
Continent
: Asia Pacific
Country
: Australia
Location
: Offshore
Project Phase
: Exploration
Latitude
: -35.4
Longitude
: 134.9
License Start
: 2011
License Expiry
: 2024
Operator
: Bight Petroleum Corp
Farmout company
: Bight Petroleum Corp
Mandated Agent
: none
Work Programmes
: Seismic
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $10,000,000