Armour Energy Ltd is interested in farming-down its 100% held exploration acreage surrounding the Kincora Gas Plant in the Bowen-Surat basins, northern Queensland. Armour holds exclusive rights to seven exploration permits which are interlaced with production licences around the Kincora Gas Plant â ATP 2029-P, 2030, 2032, 2034, 2035, 2041 and 647, covering around 1,400 sq km.  Within the Roma Shelf and Taroom Trough, Armour operates 23 exploration and production licences and holds interest in a further two through part ownership of Lakes Oil and a farm in agreement with AGL.  A particular exploration focus by Armour lies in the Taroom Trough within a Triassic-Permian tight gas play. The play is considered to occur along a wedge of over-pressured, hydrocarbon saturated sands and shales below depths of around 2,100 m. The play is thought to extend beneath Armour's existing acreage down-dip of mature commercial fields and outside of the highly production structural and stratigraphic plays which occur in the depth range of around 1,500 to 2,100 m.  Drilled in 2018, Armour's Myall Creek 4A and 5A wells encountered gas along the deeper play. The 5A well was not fully completed but reached a depth of 2,245 m with gas in the Triassic Basal Rewan and Permian Tinowan sandstones. Myall Creek 4A, which spudded earlier in the year, began commercial production on 5 October 2018 at an average rate of approximately 700,000 cfg/d.  Armour has reported that the new regional play could covers around 10,000 sq km with possible targets in the depth range of 2,100 to 4,000 m. In Q2/Q3 2020, new high-resolution 3D seismic surveys are planned over Armour's 100% owned existing acreage in the Bowen-Surat Basin to seek new drill locations.  Any commercial gas discoveries would likely be tied back to the Kincora Facility, which, in 2019, produced at an average of 8.6 MMcfg/d (9.1 TJ/d), which included gas from the Newstead Storage asset. Armour Energy has previously stated that it plans to achieve a target of 18.9 MMcfg/d (20 TJ/d). To support production growth ongoing exploration and development is seen as critical to Armour, particularly in ATP 2030-P, which was awarded on 2 October 2018 to link Armour's already existing PL71 and ATP 2029 and secure the deep tight gas play.  ATP 2029, 2030, 2032, 2034, 2035 & 2041 were all awarded in 2018 to Armour with conditions for future domestic gas production which can be accommodated through the Kincora facility. ATP 647 was awarded back in 2001, meaning it was scheduled for expiry on 31 July 2017. A renewal application has already been submitted by Armour to extend its tenure.  Armour is seeking farm-in partners to advance a potential multi-Tcf play in its 100% held exploration permits.  Interested parties should contact:  Richard Fenton â Armour Energy, CEO  Email: rfenton@armourenergy.com.au
Armour Energy Ltd is interested in farming-down its 100% held exploration acreage surrounding the Kincora Gas Plant in the Bowen-Surat basins, northern Queensland. Armour holds exclusive rights to seven exploration permits which are interlaced with production licences around the Kincora Gas Plant â ATP 2029-P, 2030, 2032, 2034, 2035, 2041 and 647, covering around 1,400 sq km.