The Great Sandy Desert Project comprises unconventional oil and gas resources held within the Lower Goldwyer Shale consisting of Ordovician age shales within the onshore Canning Basin.
The Great Sandy Desert Project comprises oil and gas resources held within the Lower Goldwyer Shale consisting of Ordovician age shales in the Broome Platform within the onshore Canning Basin. Theia Energy drilled a successful discovery well (Theia-1) in 2015, proving up a continuous 70 meter oil column at 1,500 meters depth. Petroleum exploration permit EP 493 and the adjoining exploration permit application EPA 147 comprise 1.6 million acres.
A competent person report produced by Schlumberger (slb) confirms the potential of the Lower Goldwyer Shale comparing it favourably to US shale plays such as the Eagle Ford and Bakken. Independent expert resource assessment performed by Netherland Sewell & Associates (NSAI) provides a maiden prospective resource estimate of 1.43 billion barrels of oil equivalent (2U) with significant liquids content.
Further basin analysis work indicates a high probability of geological success for the deeper Nambeet Formation which has the potential to add significant wet gas resources to the already highly prospective Lower Goldwyer Shale Play. The Great Sandy Desert Project, therefore, has the potential to be a multi-play frontier mega project with the potential to transform the economic outlook for the West Kimberley region in the northwest of Australia and to be the catalyst for the energy transition by enabling the establishment of a large sustainable clean, renewable energy project.
Lower Goldwyer Shale Play Comparison to US Shale Plays
Great Sandy Desert Project Highlights
Favourable Land Conditions
- Zero Population
- Zero Reserve Areas
- Zero Pastoral Land
- Vacant Unallocated Crown Land
- High porosity
- High Total Organic Carbon
- Within the peak oil window
- Light oil, low wax content, no contaminants
- Shallow depth