Exoma Expands Queensland Shale Acreage

Exoma Energy Limited has acquired four new exploration blocks in Central Queensland. These four permits ATP 1127P, ATP 1130P, ATP 1137P and ATP 1150P, cover some 19,000 sq km of the Eromanga and Galilee basins, adjacent to company’s existing permit ATP 999P.

Upon final formal granting of the areas by the Queensland Government, Exoma will have exploration areas covering in excess of 46,000 sq km (11.3 million acres) of the Galilee and Eromanga Basins, of which 39,000 sq km (9.6 million acres) covers the promising Toolebuc Shale. 

This new acreage is prospective as an extension of the Eromanga Basin conventional oil, shale oil and shale gas plays discovered in ATP 999P.  The permits also cover Permian coal measures within the Galilee Basin that are prospective for coal seam gas.

Exoma’s partner in the Galilee Joint Venture, CNOOC Gas & Power (CNOOC), has the right to participate in the new acreage.  CNOOC has confirmed that it will take up a 50% participating interest in each of the four permits.