Irwin River Petroleum
In February 2013, the Company was granted two petroleum licenses EP 484 and EP 485 totalling 1,129km2 in the Northern Perth Basin in Western Australia. A study completed by an oil and gas expert evaluated the potential of the shale gas potentials in these two tenements.
The Perth Basin is known to contain significant resources for Shale Gas. There are 5 potential oil/gas source rocks within the region of Permian to Jurassic age:
- Nangetty Formation
- Holmwood Shale
- Carynginia Formation
- Kochatea Shale
- Cadda Formation
These formations are all likely to be present at depth with both the Kockatea and Carynginia appearing the best targets within the tenements.
An exploration plan to test both the shale gas and oil potential is being formulated and potential partners for this exploration are being canvassed.
Figure 1 Location of the Irwin Project
Figure 2 Geology and location of the DMA EP's