| Canning Basin - Onshore Lennard Shelf Western Australia
EP104 (10%) |
Joint Venture partners: Buru Energy (32.95% and Operator), Emerald Gas Limited (18.75%), Gulliver Productions Pty Ltd (14.8%), Phoenix Resources Plc (10%) First Australian Resources Limited (8%), Indigo Oil Pty Ltd (5.5%)
The EP104 permit is located 20km north of Derby in Western Australia's Kimberley Region.
The JV is focused on the Stokes Bay No.1 well to test the potential of the Point Torment Prospect. The well was spudded by Arc in 2007 and requires further testing to determine the presence of hydrocarbons.
The joint venture is currently assessing the best method for a renewed testing programme
