Clark Oil and Gas Pty Ltd is offering a farm-in opportunity in its operated exploration permit ATP 840-P, located in the Taroom Trough, Bowen-Surat Basin. Clark reports that it is looking to initially acquire funding for three wells within the permit, in return for significant equity in the exploration phase. There would also be the opportunity for further participation, in upstream and downstream phases if feasible.  Clark reports that the permit, which lies in the central-east part of the Taroom Trough, is prospective for unconventional, basin-centred gas and liquids, with a thick stratigraphic section with multiple reservoir intervals thought present.Â  There is also the potential for deeper marine shales. It is reported that fracking may be required during the three-well programme.  The permit lies close to infrastructure and Clark reports would be well placed to supply the export and East Coast markets, should a development be viable from any discoveries.  ATP 840-P, which covers an area of 456 sq km, was awarded on 27 February 2007. The block was originally offered as LR2006-1-2P as part of the 2006 Queensland Government competitive tendering for petroleum exploration under Authorities to Prospect. Clark renewed the permit in 2012 and it is currently due to expire, or be further renewed, in February 2019.  Red Sky Energy held interest in the permit between 2010 and 2013 and the two companies had previously been jointly looking to farm-out interest.  Clark Oil and Gas is now looking to farm-out significant equity in return for funding three wells.  Companies interested in this opportunity should contact:  Rod Bresnehan, Chief Operating Officer  Email: Rod@clarkoilandgas.com.au  Tel: +61 407 961 609  Peter Nichols, Exploration Manager  Email: Peter@clarkoilandgas.com.au  Tel: +61 438 384 704
Clark Oil and Gas Pty Ltd is offering a farm-in opportunity in its operated exploration permit ATP 840-P, located in the Taroom Trough, Bowen-Surat Basin. Clark reports that it is looking to initially acquire funding for three wells within the permit, in return for significant equity in the exploration phase.