Hardman Resources has added to its Timor Sea acreage by farming into 95% of Bounty Oil & Gas' AC/P25 permit in the Vulcan sub-Basin. It recently also acquired all of the nearby AC/R1 and almost 50% of AC/P26 from West Oil.
Bounty said it would assign a 95% interest in the permit to Hardman Resources Limited in exchange for $50,000 in cash and funding 400 km of 2D seismic.
AC/P 25 is situated on the eastern-side of the Vulcan sub-Basin. The permit is approximately 23 km south east of the Challis/Cassini oil field and 5 km east of the Talbot oil field.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
