EXPLORATION

Shale oil discovery shows Arckaringa potential

LINC Energy's oil shale discovery in PEL 122 of the Arckaringa Basin in South Australia reinforces the significant prospectivity of the area, according to South Australian Mineral Resources Development Minister Tom Koutsantonis.

Marija Stojkovic

Shale oil discovery shows Arckaringa potential

Earlier this week Linc announced it struck oil shale while drilling the Arck-1 stratigraphic well in PEL 122, saying the discovery could lead to a 200 billion tonne oil resource. The oil shale deposit...

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