WA-59-R

Location and Status

Basin: Northern Carnarvon Basin, Exmouth Sub-basin
Area: 80 km2
Water Depth: 500 - 725 metres
Status: Retention Lease

Interests

Finder Energy (25%)
Santos WA Northwest Pty Ltd (75%, Operator)

Permit Highlights

  • Finder successfully farmed out Permit for a carry through the 3D seismic acquisition and the drilling of Olympus-1.
  • In 2013 Olympus-1 discovered 59.6 m net gas pay in Triassic Mungaroo & Early Cretaceous Lower Barrow sandstones.
  • Currently the field is uneconomic as a stand-alone but has potential for future tie-backs to nearby fields.
  • Finder is free-carried until Final Investment Decision or exit.
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