Finder Exploration reports that it is potentially looking to discuss possible farm-in opportunities in its exploration permits AC/P45 and AC/P55, located in the Bonaparte Basin, within the Territory of Ashmore and Cartier. Finder is looking to enter discussion with any interested parties and will formally open a farm-out process along with access to a data room around Q4 2017.    Finder will potentially be offering material equity and operatorship in the permits, in which it currently holds 100% interest. An exploration well is required in both permits prior to their expiry. The Bonza Prospect is expected to be the initial primary target. New seismic is required to firm up the prospectivity within the permits. In September 2016 Finder suspended AC/P45 for a period of 12 months to facilitate an addition to the work programme by conducting 3D seismic data inversion/reservoir characterisation on 360 sq km of data. This is in addition to 900 sq km of 3D seismic PSDM reprocessing which is also due within the same term. Subsequently an additional work commitments change was granted to AC/P45 in July 2017.Â  The first well is now due by August 2019.    Finder reports as many as 10 structural prospects have been identified across the permits at multiple levels. Within AC/P45, the Zeta and Alpha prospects are considered to hold the highest potential. Zeta Prospect has an unrisked gas in-place highside resource estimate of 8.9Â Tcf within Permian carbonates at around 3,800Â m subsea depth, in 90Â m water depth. Alpha Prospect holds an unrisked oil in-place highside resource estimate of 640Â MMb within Triassic clastics at around 2,900Â m subsea depth, in 130Â m water depth. Finder considers the prospects as âdrill-readyâ with low structural risk after processing and interpreting 864Â sqÂ km of multi-client PSTM 3D seismic data over the permit.    The lead prospect within AC/P55 has been identified by Finder as the Bonza Prospect which has an unrisked oil in-place highside resource estimate of 150Â MMb, Bonza is thought to be analogous to the Puffin and Jabiru fields that lie to the south-east. The Zeta Prospect also extends into AC/P55 with an aerial extent in excess of 370Â sqÂ km.    AC/P45, which covers an area of 1,333Â sqÂ km in water depths between 20 and 250 m, was awarded on 26 May 2008. The permit and was renewed for a further five year period in 2014 and was subsequently extended in July 2017.Â  It is now scheduled to expire, or be eligible for renewal, by 25 August 2020.    AC/P55, which covers an area of 2,687Â sqÂ km in water depths between 60 and 200 m, was awarded on 4 May 2012. The permit is scheduled to expire on or be eligible for renewal by 3 November 2020.    Â Companies interested in pursuing this opportunity should contact:    Shane Westlake, CEO    Finder Exploration Pty Ltd, 9 Richardson Street, West Perth, WA 6005.    Tel: +61 8 9327 0128    Email: s.westlake@finderexp.com
Finder Exploration reports that it is potentially looking to discuss possible farm-in opportunities in its exploration permits AC/P45 and AC/P55, located in the Bonaparte Basin, within the Territory of Ashmore and Cartier. Finder is looking to enter discussion with any interested parties and will formally open a farm-out process along with access to a data room around Q4 2017.