Australia Licenses WA-544-P & NT/P87
Melbana has a 100% interest in two contiguous licences WA-544-P and NT/P87, covering an area of almost 4,000km2 in the Petrel sub-basin – a shallow water area of the Joseph Bonaparte Gulf southwest of Darwin off the northern coast of Australia.
These two licences, awarded to Melbana in November 2020, contain the undeveloped Turtle and Barnett oil discoveries and are adjacent to Melbana’s recently sold permit WA-488-P1.
Melbana’s technical team has reprocessed and analysed the seismic data over the tenements and has identified a new carbonate buildup (the Hudson Prospect) that Melbana’s technical team have estimated could contain Prospective Resources of (unrisked mean recoverable estimates):
- Oil Only Scenario: 395 million barrels of oil
- Gas Only Scenario: 2,034 billion cubic feet3
Low-cost entry into 400 mmbls prospective resource
Multiple large carbonate platforms, sealed by evaporites.
All prospects mapped on 2D with prospective resources.
Close to producing Blacktip gas field & associate Northern Gas Pipeline with access to LNG plant in Darwin.
Melbana Energy farmed out similar play in adjacent block.