Permit Summary

Drillsearch has an 11% interest in the Tintaburra Block and its associated production licences (PL). The previous term of the exploration portion expired on the 31 December, 2008. The Joint Venture has applied to renew the permit over a reduced area for a further four year term.

Located in the Eromanga Basin of south-west Queensland the Block has an aerial extent of 3,529km² (872,030 acres). The Block includes 15 oilfields where the oil is predominantly produced from the Wyandra/Murta Formation, the Jurassic Birkhead Formation and the Hutton Sandstone.

In 2010 the Block contributes, on average, a monthly production of approximately 890,000bbls and Drillsearch’s 2P Reserves are 178,000bbls. To learn more about the Tintaburra Block production and Reserves review click here.

Recent Activity

The ATP 299P Joint Venture is maturing a number of drilling opportunities for drilling in 2012 based primarily upon the newly acquired 201km² Tintaburra 3D Seismic Survey and will includ a mix of near field exploration, appraisal and development wells. An eight well optimisation and recompletion program is expected to commence later in 2012.