Hughenden – Galilee Basin, Queensland, Australia
ATPs 974P and 978P
Ownership
WestSide: 100% (Permits pending)
(Subject to completion of acquisition)
About the project
WestSide will secure a significant foothold in Queensland’s coal-rich Galilee Basin under an agreement to acquire two petroleum exploration tenements.
The Company will target Coal Seam Gas (CSG) at the two pending exploration tenements, ATP 974P and ATP 978P, which cover a combined area of 14,480 km2 in the north-western part of the Galilee Basin.
It is believed the area could contain up to 21 TCF (trillion cubic feet) of gas in place.
Historical seismic data from these tenements and drilling in nearby tenements indicate the existence of continuous coal seams throughout the basin. The targeted Bandana Formation coal seams typically contain between 13m and 17m of coal.
The boundaries of WestSide’s new tenements lie approximately 380 km equidistant from gas markets in Mt Isa and Townsville, making these tenements one of the closest potential sources of gas for the burgeoning Mt Isa market.
An exploration program will be planned to commence in 2010, with an initial drilling program to identify the extent of the coal resource and its gas content. Successful results from the initial drilling program could lead to up to forty stratigraphic holes being drilled across each tenement in the first four years to prove the extent of the resource and target the certification of gas reserves.