Pilot Energy Ltd., Sydney, and its joint-venture partner Black Swan Resources Pty. Ltd., Perth, have put an unencumbered 100% of their Exmouth Plateau permit WA-507-P up for sale.
The prospective permit has an aerial extent of 1,622 sq km and lies north of the Thebe, Jupiter, and Scarborough gas fields—all of which have gas resources in the multitrillion cubic feet range, although yet to be developed.
WA-507-P is covered by a 3D seismic dataset that was acquired in 2010. The combine has interpreted the data to map three large prospects at the Mungaroo reservoir level named Dalia Updip, Beta, and Gamma.
The prospects were evaluated in 2015 by consultants Gaffney Cline & Associates, which confirmed a combined best case prospective resource of 1.6 billion bbl of oil or 10 tcf of gas.
Pilot, with 80% interest in the block, said the sale will enable the company to focus on its Perth basin interests.
Black Swan, currently holding the remaining 20%, has agreed to manage the sale process and data room in Perth on behalf of the combine.
