North Perth Basin - Oil & Gas

The onshore North Perth Basin (NPB) is a recognised hydrocarbon province. Macallum controls 100% of EP494, which was granted in May, 2015 and covers 2,581km2. Areas within this lease are considered prospective for conventional oil and gas plays.

Summary

• EP 494 is a long exploration permit extending some 220 km from Bullsbrook in the south to the area around Coorow in the north. The tenement covers approximately 1,515 square kilometres on the basin-side of the Darling Fault, ie, overlying basin sediments. • The licence is spatially associated with known hydrocarbon systems such as Red Gully (Empire Oil and Gas), and the very large but unconventional Warro gas field (Transerv Energy) in the northern part of EP 494. • EP 494 is located above and to the immediate east of the Dandaragan Trough where it is receptive to hydrocarbon migration along normal faults associated with the basin margin. Both fault dependent closures and anticlinal structures are evident from work completed to date. • The Dampier to Bunbury Gas Pipeline and the Red Gully Gas Plant are close to EP 494 which will allow for the ready commercialization of any discoveries made. • Expectations of high rock permeabilities adjacent to the cratonic margin enhance the potential for conventional gas and liquids within EP494 • The latest information can be found at: https://www.macnewenergy.com.au/

Current Status

• The Perth Basin is a recognised hydrocarbon province with a long history of production. Future demand for gas in the Perth and south-west region, makes gas located close to metropolitan Perth a strategically critical commodity. • MGL has reviewed and interpreted past seismic work and applied leading edge exploration techniques to define structural and stratigraphic leads. • Two target areas have been identified which may have the potential to become significant prospects with further work. Importantly, both areas are close to existing pipeline infrastructure. • Recent activities in the Perth Basin include the recent Xanadu Oil Discovery (NWE, TEG, WBE and 3C Group IC Ltd), and the on-going development of the newly discovered Waitsia Gasfield (AWE and ORG). • The takeover of ASX listed AWE by Japanese Company Mitsui, concluded in April 2018, has reinforced the strategic nature of and M&A interest in the Perth basin.

Click on the map for a larger view:

3-D model of potential regional seal covering ~350km2 within the early Triassic succession of the Barberton Terrace within EP 494. This is postulated to be a Kockatea Shale equivalent, opening up the possibility of lateral equivalency to the strongly gas-bearing Lower Triassic-Upper Permian succession of the Dongara/Waitsia Gasfields, the most important past and present producers within the Perth Basin.