September 2011

Monthly Update
The September 2011 data update is now available ...

New Seismic Data Layers

The September update includes 2 new data layers supplied to us by Searcher Seismic ...

Industry Summary
Senex Energy Ltd is pleased to announce the farm-out of two Copper Basin exploration licenses to Ambassador Exploration P/L. Senex is farming out a 60% interest in PEL 516 Mudlalee Block ...

Permit Updates and Changes
This month Potential Commercial Areas (PCAs) have been added to GPinfo.  This is a significant new data set and includes over 100 new areas ...
 

Monthly Update

The September 2011 data update is now available.

Data Permissions

This data release includes a new file of seismic data.  If an error message referring to this data is displayed on start-up of your GPinfo session immediately following installation of the September data you will need to re-set your permissions for the GPinfo data.  Click here for more information.
 


New Seismic Data Layers

The September update includes 2 new data layers supplied to us by Searcher Seismic.

The layers are in a new group called OVERLAYS -

Searcher Seismic 2D contains a stick-map of over 175,000 km of 2D seismic.

Searcher Seismic 3D contains polygons representing more than 60,000 sq km of 3D seismic, including the
hiQbe® Regional Velocity Cube over the Carnarvon and Canning Basins.



Please note the following -

  -  The layers should display in orange with transparency set at 50% for the 3D polygons.
  -  Line names are switched on for the 2D data and are visible at line-ends when you are at 1:1 million or closer. 
  -  The 2D data is grouped by project so when you select a line, the entire project is highlighted.

The layers behave in the same way as other data layers in GPinfo -

  -  Display attribute information in the Details Window or Browser.
  -  Create subsets of the data using the Querying sub-system.
  -  Export a subset or the entire layer using File > Export.
  -  Change the standard colour of the layers using the
colour box next to the layer name in the Map Manager.
  -  Change labels by right clicking on the layer name in the Map Manager and selecting Properties > Labels.
  -  Change transparency by right clicking on the layer name and selecting Properties > Transparency.

Can't see the new data?

Correct display of the new data layers requires a modification to the structure of your GPinfo configuration file.  This should happen automatically the first time you start a GPinfo session after the September data update has been installed.

If the September update has been installed but you still can't see the new layers or they are not displaying with the correct characteristics, you can force GPinfo to apply the required structural changes by selecting View > Options > Updates and clicking on the Update GPinfo system layers now button.

If you still can't see the data, please re-set your permissions to the GPinfo data as described above under "Data Permissions".


Industry Summary

Company News

Senex Energy Ltd is pleased to announce the farm-out of two Copper Basin exploration licenses to Ambassador Exploration P/L. Senex is farming out a 60% interest in PEL 516 Mudlalee Block, a 60% interest in PEL 516 Rowley Block and a 50% interest in PEL 113 Zulu Block to Ambassador. Under the agreement, Senex will retain operatorship of these licenses and 100% of the rights to unconventional hydrocarbon production within the Zulu Block and to any petroleum recovered from the Mudlalee and Rowley Blocks from beneath the Poolowanna horizon. (Source: Senex Energy Ltd announcement 18/08/2011).

In other Senex news, they have announced their farm-in with Planet Gas Ltd to application PELA 514 in the Cooper Basin, South Australia. Senex will assume operatorship of the entire permit and earn a 50% interest in the Northern Area of PELA 514 and a 70% interest in the Southern Area. Under the agreement, Senex will fund 100% of the costs of 2 wells to earn 50% in the Northern Area. Furthermore, Senex will fund 100% of a third well to earn 70% in the Southern Area. The licence is currently proceeding through the Native Titles process and is expected to be granted by the end of 2011. (Source: Senex Energy Ltd announcement 19/08/2011, Planet Gas announcement 19/08/2011).

Empire Oil & Gas NL has executed a conditional farm-in with Origin Energy Developments P/L for the farm-in of two exploration permits located in the North Perth Basin. Under the agreement, Origin will earn a 40% interest in EP 368 and EP 426 from Empire, ERM Gas and Allied Oil & Gas in return for paying 80% of the costs of a 100 sq km 3D seismic survey over the 2 permits. Norwest Energy will retain their 20% interest and contribute 20% of the 3D seismic survey costs. Once board approvals are received interests for EP 368 will be Empire Oil & Gas NL 40%, Norwest Energy NL 20% and Origin Energy Developments P/L 40%. Interests for EP 426 will be Empire Oil & Gas NL 21.11%, ERM Power Ltd 13.89%, Norwest Energy NL 20%, Allied Oil & Gas plc 5% and Origin Energy Developments P/L 40%. (Source: Energy News Premium 19/08/2011, Empire Oil & Gas announcement 18/08/2011).

Shell Exploration New Zealand has announced they will farm-in to Great South Basin permits PEP 50119 and PEP 50120. Subject to approval, Shell will earn 50% interest in the permits with OMV New Zealand Ltd’s interest reducing to 18%, PTTEP New Zealand Ltd reducing to 18% and Mitsui E&P Australia P/L to 14%. OMV will remain operator of the permits until the end of the seismic acquisition program early next year, and then Shell will become operator of both permits. (Source: Energy News Premium 17/08/2011).

Bow Energy Ltd advises that it has received an indicative non-binding and conditional proposal from Arrow Energy Holdings P/L for the acquisition of all of the issued capital in Bow Energy from Bow Energy shareholders for cash consideration of $1.48 per share. (Source: Bow Energy announcement 22/08/2011).

Santos Ltd have announced today that Transfield Services are the preferred contractor for an estimated $100 million per annum contract to provide construction and maintenance services in the Cooper and Eromanga Basins in central Australia. The contract is for five years and may be extended by Santos for three one-year extensions, subject to a number of conditions. (Source: Transfield Services announcement 29/08/2011).

Havilah Resources NL has reached an agreement to acquire all Geothermal Resources Ltd ordinary shares by way of an off-market takeover offer. Havilah currently holds a 58.68% stake in Geothermal Resources and are offering one of their ordinary shares for every four Geothermal ordinary shares. The binding takeover bid implementation agreement is subject to a number of conditions including a 90% minimum acceptance condition. (Source: Havilah Resources NL announcement 26/08/2011, Energy News Premium 26/08/2011).

Apache Corporation
has entered into a farm-out agreement with Tag Oil Ltd to earn up to 50% working interest in Tag’s East Coast Basin exploration permits PEP 38348, PEP 38349 and PEP 50940. The agreement will be carried out in phases over the next four years with each phase including an aggressive program of 2D and 3D seismic and drilling with Apache earning an increasing interest in the permits. In Phase 1, Apache will earn 50% interest in 5,120 acres of the permits after operations are conducted and by committing to Phase 2. In Phase 2, they will earn a 25% interest in the permits after operations are conducted and by committing to Phase 3. Phase 3 will see Apache earning a 50% interest in the permits after operations are conducted and by committing to Phase 4 operations. (Source: Tag Oil announcement 02/09/2011).

Beach Energy has secured the Ensign 65 and Ensign 16 drilling rigs for its 2012 appraisal program in ATP 855P and PEL 218. The 2012 program for these rigs will focus on horizontal and vertical wells targeting its unconventional gas play in the Nappamerri Trough of the Cooper Basin. The program is designed to test the significant potential of the unconventional basin centred gas play that Beach believes is a thick, continuous, multi-lithology gas accumulation across PEL 218 and potentially ATP 855P. Drilling is expected no later than June 2012. (Source: Energy News Premium 29/08/2011).

Development News

Senex Energy Ltd is to resume operations at its Growler field in the Cooper Basin after floods had left the field unreachable. The Ensign 48 rig and the Ensign 5 rig have been secured to allow for continuous drilling over the coming months. As soon as access is regained to the Growler field Senex plans to drill 5 development wells in PRL 15 and 6 wells in PEL 104, targeting a record production of over 700,000 barrels. (Source: Energy News Premium 22/08/2011).

Beach Energy Ltd has reached an agreement with Senex Energy Ltd to tie in the Growler field to the Lycium oil field and to build a trunkline from Lycium to Moomba. The flowline from Growler to Lycium will have an initial capacity of approximately 8,000 barrels of oil per day. The equity interests for this section of the flowline will be Beach 40% and Senex 60%. The trunkline from Lycium to Moomba is expected to transport about 15,000 barrels of oil per day with Beach holding 60% interest and Senex 40%. The construction and commissioning of the flowlines is expected to be completed by June 2012, while the construction of the main trunkline is subject to approval from the South Australian Cooper Basin joint venture. (Source: Beach Energy announcement 19/08/2011, Energy News Premium 19/08/2011).

Senex Energy Ltd has secured an agreement with Santos Ltd for the pipeline transportation of crude oil from the Snatcher oil field in PEL 111 in the Cooper Basin to the Tirrawarra oil and gas field, and then to Moomba. Under the agreement, the joint venture will upgrade its planned 4" diameter Charo to Tirrawarra pipeline to a 6" diameter pipeline capable of transporting oil at an initial rate of 4,800 barrels per day. A new flowline will be constructed to connect the Snatcher and Charo oil field. Construction of the Snatcher flowline and tie-in as well as the Charo to Tirrawarra trunkline is scheduled to be completed by March 2012. (Source: Senex Energy Ltd announcement 24/08/2011, Energy News Premium 24/08/2011).

Chevron Australia moves one step closer to a final investment decision before the end of the year after the State Government granted environmental approval for the $25 billion Wheatstone LNG project. WA Environment Minister Bill Marmion approved the Wheatstone project subject to 25 conditions covering the protection of marine fauna, including whales, turtles and dugongs. The Federal Government will also need to give its tick of approval before development can begin. (Source: Energy News Premium 31/08/2011).

Apache Energy has received environmental approval for the development of the Julimar and Brunello gas fields located in WA-356-P of the Carnarvon Basin, Western Australia. The development will feed natural gas to the Wheatstone LNG project offshore Australia. Apache expects to make a final investment decision on the first phase of the project later this year. (Source: Energy News Premium 08/09/2011)
.

Discoveries

New Zealand Energy Corporation has produced 1,100 barrels of oil per day during the testing of the Copper Moki 1 exploration well in PEP 51150, located in the Taranaki Basin New Zealand. The oil was flowed from the Mt. Messenger formation over a 48 hour period, an additional 855 thousand cubic feet of natural gas per day was also produced. Pressure recorders have been run for an extended build up and the well will be placed on an extended production test to determine the reservoir size and flow conditions. (Source: New Zealand Energy Corp announcement 24/08/2011, Energy News Premium 25/08/2011).

Greymouth Petroleum’s re-entry of the Onaero 1 well in PEP 38746 Taranaki Basin New Zealand has proved to be a success. Onaero 1 flowed at choked back rates of more than 1 million cubic feet of gas per day and 40 barrels per day of condensate per million cubic feet of gas. The well was originally drilled in 1980 and struck hydrocarbons in what was believed to be a 10.5 metre thick column in the Eocene-aged McKee Formation sands. Greymouth’s re-entry of Onaero 1 involved deviating the original well to access a greater section of the targeted Eocene-aged reservoir. (Source: Energy News Premium 30/08/2011).

Beach Energy and Cooper Energy have announced that the Germein 1 exploration well in PEL 92, located in the Cooper Basin SA, has made a new oil field discovery. Wireline logs have confirmed that Germein 1 intersected a 2.5m net oil column in the Namur Sandstone formation. The well is being cased and suspended for future oil production into the Butlers facility. (Source: Cooper Energy announcement 06/09/2011, Beach Energy announcement 07/09/2011)
.
 


Permit Updates and Changes

Potential Commercial Areas

This month Potential Commercial Areas (PCAs) have been added to GPinfo.  This is a significant new data set and includes over 100 new areas, all in Queensland. 

PCAs are largely similar to retention licences.  They occur when an ATP holder makes a discovery that it is not currently commercially viable but is likely to become so within 15 years.  The licence holder may apply for a Potential Commercial Area.  A PCA allows the holder to evaluate potential petroleum production in the proposed potential commercial area and market opportunities for the potential production.  For further information from the DEEDI website,
click here.

All of the PCAs, by definition, overlay existing exploration areas.  To expose all overlapping linework, use the new switch
Draw all outlines for overlapping polygons within a layer which is accessible from View > Options > General.

PCA permit names take the form of PCA nnn and can be selected via a query using the format Find Permits where Permit contains PCA.

We are researching whether similar entities to PCAs are defined in other petroleum jurisdictions.  If you are aware of any licences that should form part of our data set, please let us know.


New South Wales

In the Surat/Bowen Basin, PEL 427 has had its expiry date extended to 20/11/2011.

In the Clarence/Moreton Basin, Clarence Moreton Resources nominated Summerland Way Energy P/L to be 100% holder of any title granted over the application area PELA 135
.


Northern Territory

Paltar Petroleum Ltd has entered a farm-in agreement with Sweetpea Petroleum P/L for 50% interest in exploration permits EP(A) 136, EP(A) 143 and EP(A) 197. The exploration permits are currently under application with approval for EP(A) 136 and EP(A) 143 expected in March 2012.  EP(A) 197 should follow in 2013 at the earliest.

In the Georgina Basin, EP(A) 229 is a new application by Minerals Australia P/L 50% and Jacaranda Minerals 50%.

In the Victoria River Basin, EP(A) 230, EP(A) 231, EP(A) 232, EP(A) 233, EP(A) 234, EP(A) 235 and EP(A) 238 are new applications by Paltar Petroleum P/L.

In the Ord Basin, EP(A) 236 and EP(A) 237 are new applications by Paltar Petroleum P/L.

In the Petrel Sub Basin
NT/P 63 and NT/P 64 were surrendered on 17/08/2011
.


Queensland

In the Surat Basin, ATP 336P is in the process of being renewed.

In the Bowen Basin, ATP 337P is in the process of being renewed.

In the Eromanga Basin, the renewal of ATP 548P has been refused and the area now reverts to vacant acreage.

In the Surat Basin, ATP 651P was renewed to 31/10/2020.

In the Surat/Bowen Basin, ATP 664P has been relinquished and now reverts to vacant acreage.

In the Surat Basin, ATP 706P has been relinquished and now reverts to vacant acreage.

In the Surat/Bowen Basin, ATP 837P has undergone a partial relinquishment and now covers a reduced area of 345 sq km.

In the Cooper Basin, Beach Energy has secured the Ensign 65 rig to drill its farmin commitment well in ATP 855P.  The rig is expected to start drilling no later than June 2012.

In the Eromanga Basin, Real Energy Corp will earn 50% and operatorship in ATP 927P and ATP 932P by fully funding 1,000k seismic reprocessing and acquisition of an additional 500k of 2D seismic and 100k of 3D seismic in ATP 927 and 650k of 2D seismic and 150k of 3D seismic in ATP 932P.  The farmout is subject to the successful capital raising and listing on the ASX by Real Energy.

In the Surat Basin, production licence application PL 259 has been withdrawn.

In the Surat Basin, PL 265 was granted on 22/08/2011.  The licence will expire on 21/08/2041.

Also in the Surat Basin, PL 267 was granted on 10/08/2011.  The licence will expire on 09/08/2041.

In the Surat Basin, PL 274 was granted on 19/08/2011.  The licence will expire on 18/08/2041
.


South Australia

In the Eromanga Basin, Holloman Energy Corporation has executed a definitive farm-in agreement with Brandenburg Energy Corporation. Brandenburg may earn a 44% interest in PEL 112 and PEL 444 subject to meeting certain milestones. On completion of the earning obligations Holloman will contribute 26.70% to Brandenberg. Ely Sakhai and Australian-Canadian Oil Royalties Ltd will each contribute 8.65%.

In the Cooper Basin, PEL 113 has been reduced in area due to the Zulu farm-in block. PEL 113 now covers a reduced area of 12.5 sq km while PEL 113 Z covers 452 sq km.

In the Otway Basin, PEL 127 has been renewed for 5 years. Licence will expire 14/09/2016. Work program is as follows –

Year 1: feasibility studies
Year 2: feasibility studies
Year 3: feasibility studies
Year 4: feasibility studies
Year 5: feasibility studies

In the Officer Basin, PEL 138 has had its expiry date extended to 15/04/2016.

In the Cooper Basin, PEL 516 has been reduced in area due to the Mudlalee and Rowley farm-in blocks. PEL 516 now covers a reduced area of 2,565 sq km while PEL 516 M and PEL 516 R cover 0.6 sq km and 2.3 sq km respectively.

In the Cooper Basin, PEL 91 and PEL 92 have had their expiry dates extended to 04/06/2015 and 04/11/2013 respectively.

In the Cooper Basin, PPL 239 was granted to Beach Energy Ltd 50% (operator) and Great Artesian Oil & Gas P/L 50% on 17/08/2011 for an indefinite term.  As a consequence, PEL 106 B now covers a reduced area of 158 sq km and retention licence PRL 25 was revoked.

Geothermal Permits

In the Adelaide Fold Basin, GEL 337, GEL 338 and GEL 339 have had their expiry dates extended to 17/12/2015.

In the Cooper Basin, GEL 378, GEL 379, GEL 380, GEL 381, GEL 382, GEL 383, GEL 384, GEL 385, GEL 386, GEL 387, GEL 388 and GEL 389 have had their expiry dates extended to 28/10/2014.

In the Pirie-Torrens and Arrowie Basins, GEL 448, GEL 449, GEL 450, GEL 451, GEL 452, GEL 453, GEL 454, GEL 455, GEL 456, GEL 457, GEL 458, GEL 459, GEL 460 and GEL 461 were surrendered on 16/08/2011.

In the Eromanga Basin, GEL 502 has had its expiry date extended to 13/11/2015
.


Tasmania

Offshore in the Bass Basin, T/RL 1 has been relinquished.

Onshore in the Tasmania Basin, Terra Tasmania Resources P/L has applied for EL 45/2011 over 1,428 sq km
.



Victoria


Offshore in the Gippsland Basin, VIC/P 57 was renewed to 09/08/2016 over a reduced area of 486 sq km.

Also in the Gippsland Basin, VIC/RL 3 was renewed to 09/08/2016.

Onshore, in the Otway Basin, PEP 169 has had its expiry date extended to 24/12/2012
.



Western Australia


10 onshore gazettal areas have been announced.  Applications for all areas close on 08/03/2012.


Area                            Basin  
            
L 10-12
(re-released)      Perth
T 11-3                           Carnarvon
L 11-5
                           Canning
L 11-6                           Carnarvon
L 11-7                           Carnarvon
L 11-8                           Perth
L 11-9                           Perth
L 11-10                         Perth
L 11-11                         Perth
L 11-12                         Perth


In the Perth Basin, EP 426 has had its expiry date extended to 15/05/2012. Varied work program is as follows –

Year 1: geotechnical studies, 2D seismic reprocessing $0.1m
Year 2: geotechnical studies $0.1m
Year 3: 1 exploration well $1.5m
Year 4: geotechnical studies, seismic interpretation $0.2m
Year 5: seismic interpretation, gravity $0.3m
Year 6: 50k 3D seismic $2m

In the Perth Basin, EP 430 is pending suspension.

In the Carnarvon Basin, EP 433 has been renewed for 5 years. Licence will expire 10/08/2016. Work program is as follows –

Year 1: seismic interpretation $0.05m
Year 2: geochemical studies $0.05m
Year 3: geotechnical studies $0.1m
Year 4: 1 exploration well $2.1m
Year 5: geotechnical studies $0.1m

In the Carnarvon Basin, EP 434 has been renewed for 5 years. Licence will expire 10/08/2016. Work
program is as follows –

Year 1
: 2D seismic interpretation $0.05m
Year 2: 2D seismic reprocessing $0.1m
Year 3: geotechnical studies $0.15m
Year 4: 1 exploration well $2.1m
Year 5: geotechnical studies $0.1m

In the Perth Basin, Red Mountain Energy is to farm-in to EP 445 for 100% interest by committing to a 5 well drilling program by 15/03/2012.  Estimated cost for the drilling program is $600,000.

In the Carnarvon Basin, TR/3 is under renewal.

In the Barrow Basin, WA-290-P has had its expiry date extended to 09/06/2012.
Varied work program is as follows –

Year 1: geological studies $0.35m
Year 2: 3D seismic reprocessing $0.5m
Year 3: seismic interpretation $0.35m
Year 4: 400k 3D seismic reprocessing $0.25m
Year 5: 1 well, 400k 3D seismic $15.3m

In the Carnarvon Basin, WA-329-P was cancelled on 16/08/2011.

In the Carnarvon Basin, WA-367-P has been renewed over a reduced area of 2,892 sq km. Licence will expire 09/08/2016. Work program is as follows –

Year 1: geotechnical studies, 750k 3D seismic $3.75m
Year 2: geotechnical studies $0.25m
Year 3: geotechnical studies $0.25m
Year 4: geotechnical studies, 1 well $30.2m
Year 5: geotechnical studies $0.2m


New Zealand

In the Taranaki Basin, APP 53803 is a new petroleum mining application by Tag Oil (NZ) Ltd.

In the Taranaki Basin, PEP 381202 was surrendered on 08/09/2011.

Also in the Taranaki Basin, PEP 38481 was surrendered on 19/08/2011.

In the Great South Basin, PEP 50121 was surrendered on 19/08/2011.

In the Taranaki Basin, AWE New Zealand P/L and Mitsui E&P Australia P/L have withdrawn from PEP 51558. Todd Exploration Ltd and NZOG Taranaki Ltd each hold 50% interest in the permit
.


Papua New Guinea

In the Papuan Basin, PNG Ministerial approval has been obtained for the transfer of an additional 35% in PPL 268 from Engelberg Ltd to Talisman Niugini Ltd, with Talisman now holding 50%.

In the North New Guinea Basin, the expiry date for PPL 337 and PPL 340 is 02/09/2015.


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© 2011 Pitney Bowes Business Insight