19 April 2010 – Following the execution of a conditional Sales and Purchase Agreement for WA-401-P on 24 April 2010, transfer of WA-401-P Exploration Permit to Woodside Energy Ltd and Hess Australia (Exmouth) Pty Limited is approved by the Western Australian Department of Mines and Petroleum

0% Finder Exploration

Surface area: 243km2
Water depth: <1130-1180m

Exploration Permit WA-401-P was acquired from Gerald Nelson in May 2008 and was transferred to Woodside and Hess on 19 April 2010. The permit is located in the prolific Carnarvon Basin 260km off the coast of northwestern Australia and within 40km of the giant Io / Jansz field and the recent Chandon-1 gas discovery. Exploration Permit WA-404-P, which has a work commitment of 9 wells is located directly to the northeast of WA-401-P.

Expected Play Types

(i) Mungaroo Formation
(ii) Lower Cretaceous (e.g. Scarborough field)
(iii) Upper Jurassic (e.g. Io / Jansz field)

http://ftp://e0srp01u.ecs.nasa.gov