Tuesday, October 22, 2013

SPA-07 - Canning Basin

SPA-07 - Canning Basin

goshawk.jpg
Goshawk Energy holds 100% of the SPA Licence over SPA-07.
Goshawk Energy is conducted an airborne surveys over the licence area in the first half of 2013.
SPA-07 covers 1,558 km2 or 385,000 acres of the Fitzroy Trough and provides exposure to multiple conventional and unconventional plays, including:
  • Conventional Gas – Devonian Carbonate reservoirs sourced from the Ordovician Goldwyer shale
  • Unconventional Gas and Condensate – Laurel shale formations, similar to the Three Forks play of the Bakken Formation in the Williston Basin, USA
The licence is poorly explored with only 1 well deep well drilled by WAPET in 1956 (Fraser River 1 – 3,091 metres) and 120km of 2D seismic acquired between the 1950’s and 1980’s.
 
The licence is well located in close proximity to both infrastructure and existing discoveries:
  • 35 km north of Yulleroo discovery which contains an estimated 332 Bcf of recoverable gas and 13.4 million barrels of associated liquids in the Laurel Formation
  • 50km north of Ungani discovery which has potential reserves range of 8 to 20 million barrels in high quality dolomite reservoir in the Laurel Formation
  • 100km east of Woodside’s proposed James Price Point LNG hub
  • 15 km north of the Great Northern Highway, 90 km west of Broome and 40 km east of Derby
  • 100km west of existing oil production at the Blina and Sundown oil field complex

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