Bridgeport Energy Farm-In Opportunities: Cooper and Otway Basins
Farm-in SummaryBridgeport Energy Limited (Bridgeport) is excited to offer for farm-in several newly acquired and long-life (5 yr+) tenements in the Cooper-Eromanga and Otway basins of eastern Australia. There are six permits available for farm-in, three in each basin, covering just over 5800 km2. The gross potential recoverable resource identified is in excess of 220 MMboe (Pmean), comprised of ~600 Bcf of gas and over 115 MMstb of light oil. The farm-out package offers a variety of play types to pursue, phased and measured expenditure, with both commodity and geographical diversification. Most of the tenements are located near producing oil and/or gas fields and all are close to the infrastructure necessary to support an expedient monetisation of any discoveries. All farm-in tenements are in the early stage of their first exploration period, providing new joint venture parties the opportunity to influence work programs and budgets.The package of farm-in assets is shown in Table 1, which summarises prospective resources and the corresponding working interests available for farm-in. Bridgeport Energy LimitedBridgeport is an established and experienced Australian operator with 10 producing fields under direct management in the Cooper and Surat basins. Bridgeport also owns and operates its own drilling and completions rig … Continue reading Bridgeport Energy Farm-In Opportunities: Cooper and Otway Basins
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