Investor Presentaiton
Sunrise Project
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The Sunrise Project contains two exploration permits (EPC 2057 and EPC 2058) which are in the application stage.
The Sunrise Project is located in a region where the Surat Basin is underlain by the Permian Bowen Basin. The area
has previously been targeted by petroleum and coal seam gas companies.
The area to the east of the Sunrise Project has proven to be a successful coal seam gas producing field, with
Australia's first producing wells located in the Fairview Field.
Closer to the Sunrise Project, coal seam gas exploration has been targeting the Permian Bandanna Formation coals,
which occur within EPCA 2057 and 2058.
The only historical coal exploration in the area was conducted by Agip Australia within A-P 385C in the 1980's. This
area, known as Westgrove is located adjacent to the south-eastern tip of current EPC 2058.
The Agip report identified three possible targets for coal exploration in the area:
- Jurassic Walloon Coal Measures which outcrops near the surface;
- Upper Permian Bandanna Formation which occurs between 450 and 550 metres depth;
- Lower Permian Reids Dome Beds (below 1,000 metres depth).
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