Located in the Cooper/Eromanga Basin, Harpoono-1 is expected to spud Monday 24th May and is located 2.5km from the Dunoon-1 exploration well and about 52km south of the Moomba oil and gas processing plant.

The Harpoono structure is on the north east flank of the Dunoon High which is the western extension of the Murteree High, containing a number of proven oil fields to the north east.

Thick Permian potential source rocks are located on the northern and eastern flanks of the Harpoono structure while the well will target potential oil in place of 1.9 million barrels in the Murta, McKinlay and Hutton formations.

Participants in the permit are Stuart Petroleum (operator) 66.67% and Beach Petroleum 33.33%.