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Oil Basins Limited (OBL)
is a publicly listed company on the Australian Securities Exchange (ASX).


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General Overview

About Oil Basins

Oil Basins is a listed oil and gas exploration company with a portfolio of onshore and offshore assets in Australia.


Projects

Offshore Gippsland Basin - Exploration Permit - Vic/P47

General
  • Oil Basins Limited (OBL) holds 100% of Vic/P47 and is the operator.
  • Vic/P47 is located in the offshore Gippsland Basin, Bass Strait, South East Australia.
  • The Gippsland Basins is Australia’s premier oil province and major gas producer. The Basins is home to the Patricia Balenne (gas), Longtom (gas/condensate), Kipper (gas/oil) and Tuna (gas / oil) permits.
  • Vic/P47 permit area is approximately 202km2, containing the Judith and Moby conventional gas fields.
  • Two-gas discovery well have been drilled, Judith-1 and Moby-1. Judith-1 was drilled by Shell in 1989 (22km from Longtom gas field). Moby-1 was drilled by Bass Strait Oil in 2004.
  • The fields have an estimated gross combined 2C and P50 Recoverable Resource of 100 to 150 Bcf PRMS SPE (plus Moby 30Bcf GIIP under evaluation).
  • Vic/P47 is within km’s of east coast gas pipelines (Patricia Baleen and Kipper)
  • OBL is currently undertaking the following work:
  • Seismic reprocessing
  • Geological and Geophysical Studies;
  • QI/AVO study;
  • Faulty seal analysis.

Canning Basin - Exploration Permit - Backreef

General
  • Oil Basins Limited (OBL) owns 100% of Backreef and is the operator.
  • Backreef-1 was drilled in October 2010 to 1800 meters.
  • The well is currently cased and suspended (1155m).
  • The well has the following attributes:
    • Porosity circa 22% - with permeability tight;
    • Reservoirs - Yellow Drum equivalent & Gumhole dolomites;
    • Gross Reservoir interval 48.9m;
    • Net Oil Pay interval 39.2m;
    • Risked Net Free oil (pre-stimulation) 3.9m.
  • OBL has completed geophysical and geological (G&G) work collecting and digitizing 16 vintage 2D seismic and to reprocess the newly digitized data and apply modern 3D techniques assist with its evaluation and interpretation of the potential new oil play area.
  • Utilising advanced 3D Petrel™ software OBL has now defined a potential the New Oil Play first delineated by Backreef-1 well.
  • The project is close to Blina oilfield (the first commercial oil discovery in the Canning Basins), which is owned and operated by Buru Energy Limited (ASX; BUR).
Work Program Objectives
  1. To recover hydrocarbons (i.e. oil) to the surface
  2. Characterise and defined reservoir permeability and fluid properties
  3. Establish steady state down hole and surface reservoir pressure, fluid production rates, static fluid level (applicable to pumping) and hydrocarbon and reservoir fluid composition.
  4. Define the extent and nature of the possible contingent resources.

Carnarvon Basin, Western Australia Retention Lease R3 / R1 (Cyrano)

General
  • Oil Basins Limited (OBL) holds 100% of R3/R1 and is the operator.
  • The Cyrano Oil Field was discovered in 2003. 
  • OBL permit area is approximately 81km2
  • The field is defined by four (4) vintage wells and 3D seismic
  • The field in located in shallow water (15 – 17 meters), with productive reservoirs at 600m.
  • OBL has completed the following work:
    • Geological and Geophysical Studies;
    • Reserves and Resources Studies;
    • Petroleum engineering facilities study;
    • Reservoir engineering assessment of the Cyrano Oil Pool;
    • Environmental scoping study.
    • The project is close to Airlie Island, jetty and storage & infrastructure facilities


Contact Info

Oil Basins Limited

Level 4
100 Albert Road
South Melbourne, VIC
AU Australia, 3205

Phone: +61 3 9692 7222
Fax: +61 3 9077 9233
Email: enquiries@oilbasins.com.au
Website: http://www.oilbasins.com.au

Click here to view the interactive map
Oil Basins Limited Google Map
Oil Basins Limited Google Map

Share Registry

Computershare Investor Services Pty Limited - Click here to view share registry profile

Phone: +61 3 9415 5000
Fax: +61 3 9473 2500
Email: investor.relations@computershare.com.au
Website: http://www.computershare.com/

452 Johnston Street
Abbotsford, VIC
AU Australia, 3067


Important Information

The General Overview, Services, Products and Projects information for this profile was last edited on 08 May 2017.

All Financial Data is provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Share Prices nor any independent data provider is liable for any informational errors, omissions or other defects, incompleteness, or delays, or for any actions taken in reliance on Financial Data.

Please read our Terms & Conditions and Disclaimer Statement for further information.

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