Bridgeport Energy Ltd is looking to divest its interests within the Cooper-Eromanga and Bowen-Surat Basins with single or multiple farm-in options and negotiable farm-out interest, up to 60% equity. The offer includes multiple permits across both basins. Â The farm-in opportunities provide access to multiple reservoirs, play types and mapped prospects. Regional 2D seismic and 3D seismic surveys and exploration wells are planned as part of minimum work commitments. Bridgeport will allow early participants the option to influence the exploration programmes.   Included in the opportunity are Queensland permits ATP 948-P, ATP 269-P, ATP 608-P, ATP 805-P and ATP 2026-P as well as Queensland application ATP 2022-P. Also included is South Australia permit PEL 641.Â  The licences combined cover an area of almost 7,000 sq km.  The application for PELA 641 was made on 27 August 2014 by Bridgeport, and was subsequently awarded on 9 February 2018.Â  Bridgeport holds 100% interest in the application. The licence covers 1,953Â sq km across the western oil flank of the Cooper-Eromanga Basins, which Bridgeport report as being virtually unexplored. Bridgeport plans 2D and 3D seismic across the area before assessing potential prospects.   Bridgeport holds 100% interest in ATP 608-P, ATP 805-P and ATP 948-P, which contain the Rookwood South and Dongara 3 oil fields. Bridgeport completed a 3D seismic survey over the Bonga-Binneanna structures in 2015 to tie-in the fields and assess drilling opportunities in the structure flanks. From seismic interpretations and the Donga well test results, Bridgeport applied for a Petroleum Lease over ATP 805-P, which includes the Madison Lead.  ATP 269-P covers an area of 389 sq km and was awarded in January 1980.Â  Bridgeport holds 80.545% in the licence, with joint venture partners Beach Energy, Entek Energy and Santos Ltd.Â  The licence is split into a number of blocks, after being reduced upon renewal a number of times.  ATP 2026-P was awarded in August 2017 and covers an area of 1,783 sq km. The CBM permit was applied for on 30 March 2017 via Queenslandâs open door policy. The ATP 2026-P area has largely been subject to conventional exploration with four unsuccessful wells drilled since 1980. The most recent well, Obelix 1, was drilled in June 2017 by Bridgeport Energy (Eromanga) Pty Ltd in ATP 794-P.Â  Both permits cover areas previously covered by ATP 794-P prior to its area reduction on 11 August 2017.Â  ATP 2026-P is operated by Senex, via wholly owned subsidiary Victoria Oil Exploration (1977) Pty Ltd, with 60% interest, with Bridgeport Energy (QLD) Pty Ltd holding the remaining 40%.  Finally, application ATP 2022-P was made in January 2017 and covers an area of 438 sq km. The application has been accepted and is awaiting final award by the Queensland Government.Â  Bridgeport holds 100% interest.  Companies interested in pursuing these opportunities should contact:    Barry Smith, Business Development Manager     Phone: +61 2 8960 8400     Email: bsmith@bridgeport.net.au Â   Moyes and Co is also being contracted to market the opportunity so further contact is available through:  Ian Cross  Tel: +65 9776 0753  Email: icross@moyesco.com
Bridgeport Energy Ltd is looking to divest its interests within the Cooper-Eromanga and Bowen-Surat Basins with single or multiple farm-in options and negotiable farm-out interest, up to 60% equity. The offer includes multiple permits across both basins.  