Project Icewine v2

CONDENSATE DISCOVERY WITH FUTURE EXPLORATION TARGETS

Operator with ~75% working interest

  • Charlie-1 discovery well drilled in 2020 recovered hydrocarbons during wireline operations with an API gravity between high-40 to low-50 (Torok formation)
  • Targeting a follow-up appraisal well in future years post any successful flow test in Project Phoenix
  • Lima Complex Prospect, Seabee Formation, is the same play type (but slightly older) and expected oil type as the Basin Floor Fan in Project Phoenix
  • Charlie-1 well confirmed large condensate discovery in the Torok formation in both Middle Stellar and Lower Stellar targets
  • Petrophysical interpretation indicated hydrocarbon pay in both Torok and Seabee
  • Unsuccessful attempt was made to take a sample from the Lower Lima target
    • Unsuccessful due to insufficient reservoir quality
    • Targets were not intersected optimally, there is good potential for higher quality reservoir at a different location

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Ground Floor, 516 Hay Street
Subiaco WA 6008
AUSTRALIA

Tel: +61 (0)8 9485 0990
Fax: +61 (0)8 9321 8990

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