OIL AND GAS & ENHANCED OIL RECOVERY

Oil and Gas in Australia

The Arckaringa and Cooper/Eromanga Basins, South Australia 

The Arckaringa Basin is located in central South Australia, about 850 kilometres north of Adelaide.
Linc Energy holds a 100 per cent interest in seven Petroleum Exploration Licences and four Exploration Licences covering 65,000 square kilometres. Many of these were acquired when Linc Energy purchased junior South Australian explorer, SAPEX Limited in 2008.

Following ‘oil shows’ at Maglia-1, Linc Energy is pursuing oil and gas opportunities in the Arckaringa Basin. Linc Energy has commenced an extensive 10 well oil exploration program, which began with the spudding of Haystack-1. A 2D regional seismic program of over 1,000 kilometres has been completed with preliminary results indicating new coal targets. A significant oil shale deposit, approximately 284,000 acres, was discovered within the Stuart Range Formation located in the Arckaringa Basin.

The Cooper/Eromanga Basin is located in north eastern South Australia and is recognised as Australia’s largest and most mature onshore hydrocarbons region. The basin has been supplying Australian gas markets for over 40 years. Linc Energy holds a 100 per cent interest in two Petroleum Exploration Licence applications covering over 6,000 square kilometres of acreage. Over the next five years Linc Energy will conduct over 1,000 kilometres of 2D seismic and drill four to six wells. This will also be supported by geological and geophysical studies including the reprocessing and interpretation of existing seismic data, field data and geochemical analysis.

  View Linc Energy’s Arckaringa and Cooper/Eromanga Basin tenements
  View photos of Linc Energy’s South Australian activities
  For more information read Linc Energy’s ASX announcements