ATP 594

 

Location
ATP 594 is located approximately 140 kilometres west of Quilpie in the Cooper-Eromanga Basin. The tenement covers three separate areas consisting of a total area of 1,230km2.

Interest Held
Icon Energy -100% (Operator)

Prospect Type
ATP 594 is prospective for natural gas and oil.

Update on ATP 594
The permit is well positioned on the eastern flank of the Cooper Basin and is considered to be prospective for hydrocarbons following a recent technical evaluation.

The Harrier 3D seismic survey continued with the line crew beginning to lay out equipment from 14 January. However, on 16 January, wet weather resulted in the crew being demobilized as the area became unpassable due to serious flooding. After operations resumed on 8 February, seismic acquisition production was conducted from 14 to 23 February 2017, with a total of 293 km² of data acquired. The crew was finally demobilized on 11 March 2017.

The Harrier 3D seismic data is currently being processed by Velseis Pty Ltd in Brisbane, which is expected to be completed by the end of May 2017. Early processing has revealed several structural drilling leads. 

The areas immediately adjacent to ATP 594 are resource rich in oil and gas. Several wells have been drilled in the proximity of ATP 594, mainly targeting conventional oil and gas, many with hydrocarbon shows. There are several oil fields to the southeast of the tenement, including the Kenmore and Bodalla South oilfields.

The recent success on the western flank of the Cooper Basin can be attributed to a combination of an improved understanding of the geology and enhanced definition of the sub-surface structure which was achieved with the application of 3D seismic acquisition. This led to better well placement and therefore improved the chance of success. Icon is hoping to emulate that success in ATP 594.

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