A new expert report indicates Mosman Oil and Gas’s Amadeus Basin in Australia’s Northern Territory has “signficant” gas potential.
Mosman owns and operates two 100% owned granted permits (EP 145 & 156) and one application (EPA 155) which total 5,458sq km.
SRK Consulting’s report highlights the potential for both conventional oil and gas resources in proven reservoirs within the West Walker Anticline and unconventional gas resources in the Horn Valley Siltstone.
SRK has calculated unrisked prospective resources within both plays with conventional recoverable gas (Bcf) of 12.44 and unconventional recoverable gas (Bcf)
Executive chairman John Barr, said: “We are pleased with the prospective resource quantification from the SRK Report that highlights the significant gas potential in our Amadeus permits, which are located adjacent to existing producing oil and gas fields.
Mosman believes the Amadeus Basin could one day be a potentially important strategic source of gas production for the East Coast of Australia and this report will greatly assist us in prioritising future exploration activity.”