Galilee Energy has been appointed the Preferred Tenderer for block PLR2018-1-8 by the Queensland Government in the May 2019 release of new petroleum resource areas.
The award of this acreage is designed to stimulate exploration in Queensland and provide sustainable benefits to local communities in the region and energy benefits for all Queenslanders.
Galilee was successful with its targeted approach for this high-graded block and was awarded the acreage for nil consideration following a competitive tender. The acreage has dual prospectivity within both the world-class Walloon coal seam gas fairway and the oil and gas prone eastern flank of the Taroom Trough, proximal to the Moonie Field.
Located within the Southern Downs region, 2 kilometres east of Tara and 70 kilometres west of Dalby.
384 square kilometres of highly prospective tenure over the eastern flanks of the Surat and Bowen basins.
Strategically close position to established oil and gas development and pipeline infrastructure that will enable expedited access to the eastern Australian gas and oil markets, including:
- Less than 10 kilometres from established coal seam gas production facilities
- Immediately adjacent to the south of APLNG’s Ironbark asset
- Approximately 15 kilometres from the Moonie to Brisbane pipeline
- Approximately 28 kilometres from the Moonie oil field
Multiple proven petroleum systems exist within the tenure than can be concurrently evaluated and developed including:
- Unconventional coal seam gas in the world-class Walloon Coal Measures fairway of the Surat Basin
- Conventional oil and gas in the Permo-Triassic (Bowen Basin) and Jurassic (Surat Basin) reservoirs along the eastern flank of the Bowen and Surat Basins respectively
Close proximity to prominent, top tier production assets that confirm the permit’s excellent prospectivity including:
- Eastern Walloon coal seam gas fields such as Arrow Energy’s Tipton and Daandine fields and Shell’s David, RubyJo and Isabella fields
- Undulla Nose Walloon coal seam gas fields such as APLNG’s Talinga, Condabri and Ironbark fields abd Shell’s Lauren, Kenya and Bellevue fields
- Moonie oilfield, discovered in 1961, with approximately 60 million barrels of oil in place
Heavily underexplored region with considerable potential to apply contemporary exploration methods including modern seismic reprocessing and acquisition and drilling operations that can simultaneously assess both coal seam gas and conventional oil and gas opportunities.