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Wednesday, April 18 2018

5:30 PM - 8 PM
Wednesday, Apr 18, 2018 5:30 p.m.
Intl. Dinner

The first oil & gas discovered in the Cooper/Eromanga Basins was 50 years ago.  The West Flank oil play started in 2000.  Prior to 2000 there were seven wells in the fairway with five of the seven finding live oil.  From 2007 to 2015 there were 73 exploration wells drilled with a 40% success.  There are 36 new field discoveries in the west flank fairway with world class reservoirs and an active water drive that exhibit 60-80%  primary recoveries.  3D seismic with state-of-the-art processing has led to this success and continues to be the key driver.  Discovery Energy Corp. has a 584,651 acre permit and has recently completed a 78 square mile 3D seismic survey on trend and adjacent to production in the West Flank Oil Fairway.  This is an update on this project which was presented in October 2016