PEL 111
Cooper Basin JV,
(40% Working Interest)
PEL 111 is located on the Western Margin of the
The Western Margin Oil Fairway which hosts the Growler and Wirraway oil discoveries to the south covers a large portion of the central and western areas of PEL 111. A major effort has been conducted to reprocess, interpret and map the seismic dataset in the permit. The prospects and leads inventory includes six prospects that are ready to drill (Ascender, Ascender North, Gannet, Gannet Southeast, Liberator and Warhawk) with the first of these anticipated to be drilled in the third quarter of 2007.