Otway Basin, Southwest Victoria

Bridgeport Energy owns three exploration permits in the Otway Basin; two onshore and one offshore – totalling 4,507 km² of exploration acreage. Recently, there has been renewed industry interest in the Otway Basin, following the lifting of the onshore petroleum exploration moratorium.

PEP 150: Digby – 3,210 km² total, 50% interest

Bridgeport (Eromanga) Pty Ltd holds 50% interest and operatorship of the onshore permit, joint ventured with Somerton Energy. The Portland Township is in the southern region and there are multiple gas pipelines through the permit. The main hydrocarbon reservoirs are the Waarre and Pretty Hill formations. Recent seismic reprocessing and technical studies have permitted the identification of multiple prospective leads.

PEP 151: Arkarua – 858 km² total, 100% interest

PEP 151 is located immediately adjacent to PEP 150, in the Otway Basin. Bridgeport (Eromanga) Pty Ltd presently holds 100% interest in the permit. The 3D Morgan seismic survey, acquired in 2014, allowed the identification of prospective resources within the Casterton Formation.

VIC / P007191 (V): Bonanza – 439 km² total, 100% interest

This Otway Basin exploration block is in the State waters of southwestern Victoria and is contiguous with Bridgeport (Eromanga) Pty Ltd’s onshore PEP 150 tenement. Bridgeport has identified hydrocarbon reservoir targets in the Pebble Point and Waarre formations.