Armour Granted Two Shale Oil Tenements in NT
Armour Energy has been granted two exploration tenements covering 24,700 square kilometres in the Northern Territory, Australia that are prospective for shale oil.
The granting of EP191 and EP192 will allow Armour to extend its exploration program into the southern portion of the McArthur Basin and east towards the Isa Superbasin in ATP 1087, Queensland, where the company is completing its 2013 exploration program targeting the Lawn and Riversleigh shale formations.
Ongoing studies and reviewed core hole data have identified additional shale source rock prospectivity in the Wollogorang and McDermott Formations of the Tawallah Group in the newly granted tenements.
Live oil was reported within the McDermott Formation in the GSD7 well drilled by BHP innorthern EP191 in 1995. The oil was described as coming from carbonate veining within evaporitic dolostone and dolomitic mudstone between 550 and 620metres depth.
In 2014, Armour Energy will commence a series of feasibility and regional studies that will examine the hydrocarbon potential of the Wollogorang and McDermott Formations to generate leads and prospects and to highâgrade areas for enhanced geophysical survey acquisition.
Sign-up for our free weekly newsletter update via email here