ATP 934 – conventional Permian gas potential

Bengal Energy is the operator and has 100% working interest in the Barrolka East Block (NE) and 40% working interest in the Durham Downs East Block (SW).
ATP 934 is a large, 726 km², heavily underexplored permit surrounded by large conventional gas fields.
The block is estimated to hold significant gas resource, with numerous gas pipelines crossing the permit.
5 prospects/leads are mapped on this permit, based on 2D seismic interpretation.
Australia gas market fundamentals very compelling with upward pressure on price.

Bengal 100% Owned production licences

Bengal acquired 4 PLs surrounding ATP 934 with an area of 267 km2 (65,977 acres) and the 26 km, 6” Wareena – Coonaberry Pipeline
The Wareena Gas field has produced 6.3 bcf to date and Bengal have begun operations to bring it back on-line
Ghina holds gas within the Late Permian Toolachee Fm, the productive reservoir at Wareena
Ramses holds both gas in the Late and Early Permian reservoirs as well as oil within the Basal Jurassic reservoir
Karnak has significant pay discovered within the Early Permian Patchawarra Fm, and Late Permian Toolachee Fm reservoirs
All permits have easy access to market via the pipeline network to Coonaberry

balooka — Click the image to enlarge. Click HERE to see Cautionary Statementon Analogous Information.

(1) Production volumes cited are cum. to June 2018. Source: State of Queensland Department of Employment, Economic Development and Innovation (DEEDI).