Thylacine, Geographe gas finds off Victoria latest sparks for Otway basin

Click here to enlarge imageSoutheastern Australia's Otway basin, so often a Cinderella to the riches of the Gippsland basin farther east, is finally emerging as belle of the petroleum ball.The Otway basin straddles on and offshore western Victoria and southeastern South Australia plus offshore Tasmania. The basin's fortunes have improved lately in the number and size of discoveries.The Origin Energy Ltd. group's Thylacine 1 find revealed in mid-May is the latest in a string of Otway discoveries during the last five months that indicate the region is indeed alive and well and still bursting with potential.Earlier discoveries in the 1970s, 1980s and 1990s like the smaller onsh...

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