Vic/P41

Permit Vic/P41 (536 km²⁾ is located in the eastern Gippsland Basin, approximately 40 kilometres south of the Victorian coast. This permit provides BAS with exposure to the easterly extension of two proven producing trends: The Rosedale Fault system that sets up prospects analogous to the Kipper oil and gas field, and further south, a second trend extension is analogous to the Basker/Manta Gummy oil and gas fields.

The permit contains a number of large prospects defined on modern 3D seismic data; notably Kipling, Benchley and Oscar.

Recent simultaneous inversion processing of the Oscar 3D seismic data set has defined anomalies over the Kipling and Benchley prospects that are similar to those noted over the Kipper Field.

Basin modelling of the identified source "kitchens" to the south and west of the permit shows them to be mature for hydrocarbon generation and migration pathway mapping shows hydrocarbons will migrate into the permit area. These studies significantly derisk these prospects.

The joint venture is seeking farmin parties to earn an interest in Vic/P41