The junior company said these prospects were in a play called the Simpson Embayment, similar to areas containing Permian rocks that have sourced the Jackson oilfield trend in western Queensland, which has produced over 40 million barrels of oil.
Two large prospects have been identified on the Simpson seismic grid, three prospects in the Dune seismic grid and three prospects in the Bejah seismic grid, Rawson said.
Rawson said it was inviting farm-in parties to help drill these three seismic grids on a prospect-by-prospect basis.
The company is committed to drilling its first well in 2008, with possible additional seismic surveys and reprocessing later this year over the three plays.
