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 293 km² Harrier 3D seismic survey activity began in the northern block on 15 November 2016 including the Cultural Heritage clearance which was completed by the Boonthamurra Traditional Owners on 4 December. Line clearing by the advance party began on 8 December and by the end of December 2016 a total of 603 kms had been cleared and 558 kms surveyed, representing 60% of total line preparation. The line clearing is now complete. The acquisition of the Harrier 3D seismic will commence in early February 2017 and will take approximately 20 days to complete, subject to weather conditions.

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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