Gippsland basin's coastal blocks due search for shallow gas

Click here to enlarge imageA small Melbourne independent hopes to extend Gippsland basin production onshore in southeastern Australia.Discoveries in the Bass Strait put Gippsland on the map in the 1960s. Now Lakes Oil NL holds a 100% interest in about 7,000 sq km that comprises nearly the entire onshore portion of Gippsland.Lakes Oil acquired the rights to four blocks in 1995. It acquired 31 km of seismic data, mostly around the town of Yarram on PEP 138 and over the North Seaspray structure on PEP 137. Click here to enlarge imageIt initially chased gas in the Tertiary Latrobe Group but found it to be wet in most onshore wells.Lakes Oil drilled one well, a noncommercial 150 Mcfd gas di...

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