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Damon Neaves presents at Good Oil Conference September 19, 2017

Damon Neaves presented Finder’s Offshore NWS Summary presentation at the Good Oil Conference on Wednesday 13 September 2017.

WA-520-P Farmout to Woodside Energy September 1, 2017

Finder is pleased to announce that it has entered into a farmout agreement which provides for Woodside Energy Ltd to earn 90% in Exploration Permit for Petroleum WA-520-P. Please click here for more details.

Shane Westlake to present at PESA Deal Day, Sunday 14 May 2017 May 11, 2017

Shane Westlake presented Finder’s Little Things Make Big Things Happen presentation at the PESA Deal Day on Sunday 14th May 2017.

EP 483 & TP/25 Farmout Opportunity February 22, 2017

Farmout Opportunity – Finder will be commencing the farmout process in March 2017 for the Eagle prospect in the EP 483 & TP/25 permits in the Barrow Sub-basin and Peedamullah Shelf of the Northern Carnarvon Basin. Please click here to review the farmout flyer.

Finder presents at Good Oil 2016 September 16, 2016

Finder presented at the 2016 RIU Good Oil Conference on 14 September 2016. Click here to download his presentation – “Finder Exploration – let’s do it again!”

Finder Exploration featured in Resource Global Network July 21, 2016

Finder Exploration has been featured in the latest edition of Resource Global Network. Please click here to be taken directly to the article.

AC/P 61 New Permit June 23, 2016

Finder is delighted to report that is has added a new and highly prospective Exploration Permit to the portfolio – AC/P 61. Please click here to see an overview of the Permit

Support of Earth Science Western Australia June 21, 2016

Finder is delighted to continue its Bronze level support to Earth Science Western Australia (ESWA). The role of ESWA is to support the teaching of earth science in schools by developing teaching and learning resources, providing professional development for teachers, presenting at schools and assisting with field experiences for students. For more information about ESWA please click here.

Craig M. Gumley presented at the 2016 PESA Deal Day June 5, 2016

Craig M. Gumley presented at the 2016 PESA Deal Day. Click here to download his presentation – “Finder Exploration – A portfolio of possibility”

Finder hands over the baton to Quadrant in the Bedout Sub-Basin May 3, 2016

Finder hands over the baton to Quadrant in the Bedout Sub-Basin. Finder has entered into a sales and purchase agreement with Quadrant Oil Australia Pty Ltd for its entire acreage holding in the Bedout Sub-basin. For more details please click here.

Craig M. Gumley presented at the 2016 SEAPEX farmout forum April 8, 2016

Craig M. Gumley presented at the 2016 SEAPEX Farmout Forum on 8 April 2016. Click here to download his presentation – “Finder Exploration – A portfolio of possibility”

CEO Shane Westlake was interviewed by Energy Boardroom March 15, 2016

Our CEO Shane Westlake was interviewed by Energy Boardroom. To view Shane’s interview please click here.

Hyde-1/1A Final Weekly update March 10, 2016

Hyde-1/1A final weekly update: Finder provides the following weekly update on drilling operations at the Hyde-1A exploration well in Exploration Permit WA-418-P. Since the last progress report the well reached a total depth of 3,005 mMDRT and has been plugged and abandoned after intersecting water bearing sandstones at the primary reservoir level. Rig release from the Hyde-1A location is expected on 12 March 2016.

Hyde-1/1A weekly update March 1, 2016

Hyde-1/1A weekly update: Finder provides the following weekly update on drilling operations at the Hyde-1A exploration well in Exploration Permit WA-418-P. Since the last progress report the intermediate 9&5/8” casing has been run and cemented to 2,246.3 mMDRT, and the BOP successfully installed. As of 3:00pm today the well is drilling out the casing shoe track before drilling ahead in 8&1/2 “ hole to a planned well total depth of approximately 3,326 mMDRT.

Craig M. Gumley presented at the 2016 APPEX Conference March 1, 2016

Craig M. Gumley presented at the 2016 APPEX Conference. Click here to download his presentation – “a feast of North West Shelf Opportunities”

Hyde-1/1A weekly update February 24, 2016

Hyde-1/1A weekly update: Finder provides the following weekly update on drilling operations at the Hyde-1/1A exploration well in Exploration Permit WA-418-P as of 6:00am today. Since the last progress report the well has drilled in 14 & 3/4” hole to the current depth of 1,790 metres measured depth below the rotary table (mMDRT). The forward plan is to drill ahead to approximately 2,400 mMDRT and then run 9&5/8” casing before drilling ahead in 8&1/2” hole to the primary objective (approximately 2,944 mMDRT).

Hyde-1 spuds in Exploration Permit WA-418-P February 17, 2016

Hyde-1 spuds in Exploration Permit WA-418-P. Finder is pleased to announce that the Hyde-1 exploration well spud at 00:15am on Wednesday 17 February 2016. Hyde-1 is targeting up to 200 mmstb OOIP highside in the Angel/Legendre Formations and Finder is fully carried in the drilling of this well. The Hyde-1 well will test the charge potential of the northern limits of the Victoria Syncline. Please click here to see more detail on Hyde-1 at the WA-418-P web page.

Roc-1 Gas Discovery January 15, 2016

Roc-1 Gas Discovery. Please click here for our preliminary evaluation of the results from the Roc-1 gas discovery well.

Shane Westlake appointed as Chief Executive Officer of Finder Exploration January 14, 2016

Shane Westlake appointed as Chief Executive Officer of Finder Exploration following Jan Ostby’s decision to step down as Managing Director. Please click here for the detailed announcement including the realignment of management roles within Finder.

Roc-1 Well Update November 13, 2015

Drilling rig Noble Tom Prosser on location to drill the Roc-1 exploration well in the Bedout Sub-basin – the follow up exploration well to the 2014 Phoenix South-1 discovery. Please refer to the links below for Carnarvon Petroleum’s ASX announcements on the progress of Roc-1.
Roc-1 Well Update (January 4, 2015)
Roc-1 Well Update (December 29, 2015)
Roc-1 Well Update (December 23, 2015)
Roc-1 Well Update (December 18, 2015)
Roc-1 Well Update (December 16, 2015)
Roc-1 Well Update (December 14, 2015)
Roc-1 Well Update (December 9, 2015)
Roc-1 Well Update (December 2, 2015)
Roc-1 Well Update (November 25, 2015)
Roc-1 Well Update (November 23, 2015)
Roc-1 Well Update (November 13, 2015)

DMP in ‘win-win’ partnership with Finder Exploration November 6, 2015

During the drilling of the Theia-1 exploration well in the Canning Basin Finder was delighted to have collaborated with both WADMP and GSWA during coring operations. To find out more please see the article on page 8 of the September-November 2015 “Prospect” magazine, published by the Western Australian Government’s Department of Mines and Petroleum and the Department of State Development. The magazine can be found here

Finder awarded WA-520-P September 21, 2015

Finder increases its North West Shelf net acreage holding by ~1,280 km² with the award of WA-520-P in the Exmouth Sub-basin of the Carnarvon Basin. Please click here to see an overview of the Permit.

Shane Westlake presented at the AAPG/ICE PESA Deal Day September 13, 2015

Shane Westlake presented at the AAPG/ICE PESA Deal Day. Click here to download the September PESA Deal Day 2015 presentation – “new data – more opportunity”

Theia-1 drilling operations complete August 31, 2015

Finder is pleased to announce that operations in relation to the drilling of the Theia-1 exploration well in Exploration Permit EP 493 of the onshore Canning Basin are now complete. Theia-1 was a test of the Middle Ordovician Goldwyer III liquids rich resource play and early assessment of the well results appear to validate the geological model and de-risk the play. Please click here for more detail.

Petroleum Retention Lease WA-59-R has been granted for a term of five years August 13, 2015

Finder and Quadrant Energy Australia Limited have been granted a retention lease over the Olympus gas discovery made in Exploration Permit WA-450-P in 2012/2013. Petroleum Retention Lease WA-59-R has been granted for a term of five years. Please click here for more detail on the asset.

Finder Exploration Canada Limited June 10, 2015

Finder is pleased to announce the acquisition of 130,000 acres (>200 sections) of Petroleum and Natural Gas Rights in Alberta, Canada. Please click here for more detail about this exciting new opportunity.

Following the sale of Apache Energy Limited to the Macquarie and Brookfield consortium Apache Energy Limited has become Quadrant Energy Australia Limited. June 5, 2015

Following the sale of Apache Energy Limited to the Macquarie and Brookfield consortium Apache Energy Limited has become Quadrant Energy Australia Limited.

PESA Deal Day 2015 presentation May 15, 2015

PESA Deal Day 2015 presentation – “Success is about having options …… the more options the more success!”
Download the PESA Deal Day 2015 presentation by clicking here.

GROUND FLOOR Onshore Canning Basin Exploration Opportunity – EP 493 March 31, 2015

GROUND FLOOR Onshore Canning Basin Exploration Opportunity – EP 493. Finder is offering participation via a bottom-hole contribution in the upcoming Theia-1 exploration data well on a ground floor basis. Theia-1 will spud in June 2015 to test the potential of the Middle Ordovician Goldwyer III liquids rich resource play with a planned total depth of ~1,800 mGL. The un-promoted bottom-hole contribution secures the participant an exclusive option across the exploration permit. Please click here for more detail on the opportunity.

Finder is pleased to announce that it has been granted onshore petroleum exploration permit EP 493 in the onshore Canning Basin as of 1 March 2015. February 2, 2015

Finder is pleased to announce that it has been granted onshore petroleum exploration permit EP 493 in the onshore Canning Basin as of 1 March 2015. Finder will commence the exploration program in Q2/Q3 2015 with the drilling of petroleum exploration data well Theia-1 which will test the liquid potential of the middle Ordovician shale. Please click here for more detail.

Norwest Energy acquisition November 3, 2014

Finder is pleased to announce that Norwest Energy NL (“Norwest”) has acquired all of Finder’s rights in Special Prospecting Authority with Acreage Option Number 16 (SPA 16 AO) in the North Perth Basin through the purchase of Finder No 5 Pty Ltd. Please click here for Norwest’s ASX announcement on the transaction.

Finder Exploration has appointed Miro Advisors to run a process to examine a range of options for Finder’s interests in the recent Phoenix South-1 oil discovery October 1, 2014

Finder Exploration has appointed Miro Advisors to run a process to examine a range of options for Finder’s interests in the recent Phoenix South-1 oil discovery and the surrounding Exploration Permits.
Please click here to see the introductory flyer.

Finder presents at the September PESA WA technical luncheon September 18, 2014

Dariusz Jablonski (Exploration Manager) has presented a talk entitled “Cracking the old chestnut: advances in understanding the unconventional potential of the Ordovician in the Canning Basin” at the PESA WA September technical luncheon. You can download a PDF copy of the presentation here.

Phoenix South-1 exploration well in WA-435-P reached total depth at 4,595 metres. August 20, 2014

The Phoenix South-1 exploration well in WA-435-P reached total depth at 4,595 metres. Operations are underway to safely plug and abandon the well. Please click here for Carnarvon Petroleum’s ASX announcement.

JX Nippon Phoenix South-1 press release August 19, 2014

JX Nippon Oil & Gas Exploration Corporation have also made a press release in relation to the Phoenix South-1 oil discovery. Please click here for JX Nippon Oil & Gas Exploration Corporation’ news release.

New oil province offshore Australia confirmed. August 18, 2014

New oil province offshore Australia confirmed. The Phoenix South-1 well in Exploration Permit WA-435-P is an oil discovery – potentially the most significant new oil play on the North West Shelf since the Enfield discovery opened up the Exmouth Basin 15 years ago.

  • Four discrete oil columns intersected;
  • Six light oil samples recovered with API gravity estimates of 46 to 48 degrees;
  • Permeability measurements indicate productive oil reservoir;
  • Opens up new oil province in the Bedout Sub-Basin – acreage held by Finder Exploration with material equity.
  • Please click here for Carnarvon Petroleum’s ASX announcement with respect to the Phoenix South-1 discovery

    Apache Corporation announces the first Canning Basin oil discovery offshore Western Australia August 18, 2014

    Apache Corporation announces the first Canning Basin oil discovery offshore Western Australia – the Phoenix South-1 exploration well in WA-435-P.

    • Four discrete oil columns intersected, with the smallest assessed as 26 metres ranging up to 46 metres;
    • Preliminary highside oil in place estimates could as much as 300 million barrels.

    Please click here for Apache Corporation’s News Release with respect to the Phoenix South-1 discovery.

    Apache Northwest Pty Ltd and JX Nippon Oil & Gas Exploration (Australia) Pty Ltd commit to drilling Roc-1 August 18, 2014

    Apache Northwest Pty Ltd and JX Nippon Oil & Gas Exploration (Australia) Pty Ltd commit to drilling Roc-1 in Exploration Permit WA-437-P, likely in Q3 2015. Also, Apache Northwest Pty Ltd has exercised their option to take operatorship and acquire a 40% equity in Exploration Permits WA-436-P and WA-438-P. Finder Exploration retains a 30% equity interest.
    Please click here for Carnarvon Petroleum’s ASX announcement for more detail on these Permit transactions.

    Phoenix South-1 well spud confirmed. May 13, 2014

    Phoenix South-1 well spud confirmed. Please refer to the links below for Carnarvon Petroleum’s ASX announcements on the progress of Phoenix South-1.

  • August 11th 2014
  • July 29th 2014
  • July 18th 2014
  • July 8th 2014
  • June 23rd 2014
  • June 13th 2014
  • June 4th 2014
  • May 27th 2014
  • May 19th 2014
  • Finder increases its North West Shelf net acreage. April 17, 2014

    Finder increases its North West Shelf net acreage holding by 8% with the award of WA-500-P in the Northern Carnarvon Basin. Please click here to see an overview of the Permit.

    PESA Deal Day presentation – “kicking goals with NWS oil opportunities” April 6, 2014

    PESA Deal Day presentation – “kicking goals with NWS oil opportunities”

    Download the PESA Deal Day 2014 presentation.

    Finder acquires interest in WA-450-P March 5, 2014

    Finder acquires Japan Australia LNG (MIMI) Pty Ltd’ 20% interest in WA-450-P, taking its equity to 25%. Please click here for more detail on the Exploration Permit

    Finder secures a funding boost for the Phoenix South-1 (in WA-435-P) and contingent Roc-1 (in WA-437-P) exploration wells in the Bedout Sub-basin. December 24, 2013

    Finder secures a funding boost for the Phoenix South-1 (in WA-435-P) and contingent Roc-1 (in WA-437-P) exploration wells in the Bedout Sub-basin. Please see the link to Carnarvon Petroleum Limited’s ASX announcement relating to this latest deal.

    Finder will soon be commencing a joint farmout process for the Kanga prospect in WA-412-P November 19, 2013

    Finder will soon be commencing a joint farmout process for the Kanga prospect in WA-412-P of the Northern Dampier Sub-basin. Please click here to review the farmout flyer.

    Finder presents at the 13th annual Good Oil conference in Fremantle. September 3, 2013

    Finder Presents at the 13th annual Good Oil Conference in Fremantle.
    Download the Full Presentation or to view the live presentation please click here.

    Finder Exploration has a booth at the Developing Unconventional Gas Conference, Brisbane. August 27, 2013

    Finder Exploration has an exhibition booth at the Developing Unconventional Gas conference in Brisbane, Australia.  Please click here to view the poster presentation, and here for a link to the conference website.

    Finder’s Exploration Manager, Dariusz Jablonski, presents at the Western Australian Basins Symposium in Perth, Australia. August 19, 2013

    Finder’s Exploration Manager, Dariusz Jablonski, presents the paper “Unlocking the Origin of Hydrocarbons in the Central Part of the Rankin Trend, Northern Carnarvon Basin, Australia” at the Western Australian Basins Symposium in Perth, Australia. Please click here for a link to the paper (65MB), and here for a link to the presentation. An introductory animation can also be downloaded here (275MB). Further information on the conference can be found at the conference website.

    Finder confirms participation in the drilling of three upcoming wells on the North West Shelf August 19, 2013

    Finder confirms participation in the drilling of three upcoming wells on the North West Shelf, ie Phoenix South-1 in WA-435-P, Hyde-1 in WA-418-P and Cronus-1 in AC/P 52. Please click here for more detail.

    Finder is pleased to announce that it has entered into a farmout agreement which provides for Shell Development (Australia) Proprietary Limited to earn 50% in Exploration Permit for Petroleum AC/P 52. August 16, 2013

    Finder is pleased to announce that it has entered into a farmout agreement which provides for Shell Development (Australia) Proprietary Limited to earn 50% in Exploration Permit for Petroleum AC/P 52. Shell will Operate and carry Finder in the Cronus-1 exploration well to be drilled in 2015. Please click here for more detail.

    Finder increases its North West Shelf net acreage July 11, 2013

    Finder increases its North West Shelf net acreage holding by 9% with the award of AC/P 56 in the Browse Basin.

    Oylmpus-1 Exploration Well discovers gas in WA-450-P April 11, 2013

    Finder wishes to announce that the Olympus-1 exploration well in Exploration Permit WA-450-P has discovered gas in two zones. The well was drilled to a total depth of 4,540 metres and was plugged and abandoned in accordance with the pre-drill program. For more information click here

    Finder has been granted the combined WA State Waters Permits EP 483 and TP/25 January 7, 2013

    Finder has been granted the combined WA State Waters Permits EP 483 and TP/25, following the successful award from the April 2011 WA gazettal round (released as Combined Areas L11-4/T11-2). For more information please click here.

    Successful farmout of 65% equity in NT/P 79 to MEO Australia December 21, 2012

    Successful farmout of 65% equity in NT/P 79 to MEO Australia. Please click here to read MEO’s ASX announcement.

    The Olympus-1 well was spud in Exploration Permit for Petroleum WA-450-P December 13, 2012

    The Olympus-1 well was spud in Exploration Permit for Petroleum WA-450-P at 11:15 am on Thursday 13 December 2012. For information regarding the Olympus prospect, please click here.

    Successful farmout of 30% equity in WA-435-P and WA-437-P to Apache and JX Nippon. October 18, 2012

    Successful farmout of 30% equity in WA-435-P and WA-437-P to Apache and JX Nippon. Please click here to read Carnarvon’s ASX announcement.

    Relinquishment of Jamaican Acreage October 8, 2012

    Relinquishment of Jamaican Acreage – Finder relinquished its exploration acreage in Jamaica and terminated the associated Production Sharing Agreements effective from 29 September 2012. Finder had been seeking an extension to the exploration acreage terms and drilling commitments to attract a farm-in partner but could not reach agreement with the Government of Jamaica, resulting in the relinquishment. Prior to relinquishment the Permits were in good standing as the joint venture had exceeded the minimum expenditure and commitment requirements for the acreage.

    Farmout opportunity – Finder is offering a significant operated equity position in three contiguous Exploration Permits in the northern Browse Basin on the southern Ashmore Platform October 5, 2012

    Farmout opportunity – Finder is offering a significant operated equity position in three contiguous Exploration Permits in the northern Browse Basin on the southern Ashmore Platform. Please click here to view the AC/P 45 and AC/P 55 farmout opportunity flyer and click here to view the AC/P 44 farmout opportunity flyer.

    Finder farms in to WA-412-P in the northern Carnarvon Basin August 16, 2012

    Finder farms in to WA-412-P in the northern Carnarvon Basin. Please click here for more detail.

    L11-5 Native Title Negotiations August 3, 2012

    Finder elects to enter into Good Faith Native Title Negotiations in relation to Acreage Release Area L11-5. Please click here for more detail.

    Finder agrees to enter Native Title negotiations with respect to the award of the L11-5 WA onshore Canning Basin gazettal block August 3, 2012

    Finder agrees to enter Native Title negotiations with respect to the award of the L11-5 WA onshore Canning Basin gazettal block.

    PESA Deal Day presentation – Browse Basin farmout opportunity – Cronus prospect in AC/P 52 – dataroom opens 18th June 2012 May 13, 2012

    PESA Deal Day presentation – Browse Basin farmout opportunity – Cronus prospect in AC/P 52 – dataroom opens 18th June 2012.

    Download the PESA Deal Day 2012 presentation

    Finder increases its North West Shelf net acreage holding by 29% with the award of two new Permits (AC/P 55 in the Browse and WA-468-P in the Northern Carnarvon) May 4, 2012

    Finder increases its North West Shelf net acreage holding by 29% with the award of two new Permits (AC/P 55 in the Browse and WA-468-P in the Northern Carnarvon).

    Finder agrees to enter Native Title negotiations with respect to the award of WA gazettal block L11-4/T11-2 March 16, 2012

    Finder agrees to enter Native Title negotiations with respect to the award of WA gazettal block L11-4/T11-2.

    Finder has entered into a farmout agreement which provides for a wholly owned subsidiary of japan Australia LNG (MIMI) Pty Ltd to earn 20% in WA-450-P. October 18, 2011

    Finder has entered into a farmout agreement which provides for a wholly owned subsidiary of japan Australia LNG (MIMI) Pty Ltd to earn 20% in WA-450-P.

    Download the Full Article

    Finder presents at the 11th annual Good Oil conference in Fremantle. September 6, 2011

    Finder presents at the 11th annual Good Oil conference in Fremantle.

    Download the Full Article

    Carnarvon Petroleum publishes progress report on Phoenix July 13, 2011

    Carnarvon Petroleum publishes progress report on Phoenix – “value realisation may occur sooner than planned.”

    Download the Full Article

    Finder presents Phoenix at the 2011 PESA Deal Day April 10, 2011

    Finder presents Phoenix at the 2011 PESA Deal Day – “Phoenix-1 is a discovery!”

    Download the Full Article

    Finder presents at the 6th annual Excellence in Oil and Gas summit. March 1, 2011

    Finder presents at the 6th annual Excellence in Oil and Gas summit.

    Download The Full Article

    Finder has entered into a farm out agreement wich provides for Apache Northwest Pty Ltd October 20, 2010

    Finder has entered into a farm out agreement wich provides for Apache Northwest Pty Ltd, a wholly owned subsidiary of Apache Corporation, to earn 65% and to assume operationship in WA-418-P.

    Download the Full Article

    The following article appeared in the Oil and Gas Gazette in the August 2010 Good Oil Conference Volume September 13, 2010

    The following article appeared in the Oil and Gas Gazette in the August 2010 Good Oil Conference Volume and is reproduced here with their kind permission.

    Download the Full Article

    Finder Exploration Good Oil Conference Presentation September 8, 2010

    Finder Exploration Good Oil Conference Presentation

    Download the Full Article 

    Oil and Gas Gazette Article Aug 2010 August 25, 2010

    Oil and Gas Gazette Article Aug 2010

    Click for Full Article 

    Finder has entered into a farm out agreement which provides for Apache Northwest Pty Ltd August 17, 2010

    Finder has entered into a farm out agreement which provides for Apache Northwest Pty Ltd, a wholly owned subsidiary of Apache Corporation, to earn 75% and to assume operatorship in WA-450-P.

    Download the Full Article 

    Finder Exploration was awarded Exploration Permit WA-450-P June 18, 2010

    Finder Exploration was awarded Exploration Permit WA-450-P, a play rich “heartland” block just south of (and midway between) the Gorgon and Clio gas fields. This permit was gazetted as block W09- 11 in 2009 acreage release round.

    Click Here to Read More 

    Finder’s 2010 EAGE presentation and extended abstract in relation to the Walton Basin, offshore Jamaica. June 16, 2010

    Finder’s 2010 EAGE presentation and extended abstract in relation to the Walton Basin, offshore Jamaica.

    Finder Exploration PESA Deal Day Presentation May 16, 2010

    Finder Exploration PESA Deal Day Presentation

    Download the Full Article 

    Finder Exploration was awarded Exploration Permit WA-445-P May 13, 2010

    Finder Exploration was awarded Exploration Permit WA-445-P, a North Carnarvon Basin “heartland” block between the Echo/Yodel & Sculptor fields on the southern end of the producing Rankin Trend and Chevron’s Wheatstone fields to the west. This Permit was gazetted as block W09-9.

    Click Here to Read More 

    Finder Exploration was awarded Exploration Permit WA-446-P, May 13, 2010

    Finder Exploration was awarded Exploration Permit WA-446-P, a under explored Bonaparte Basin block between fields on production (Bayu Undan to the northeast) and those scheduled for near term production (Petrel/ Tern to the southwest). This Permit was gazetted as block W08-1.

    Click Here to Read More 

    Following the execution of a conditional Sales and Purchase Agreement for WA-401-P on 6 April 2009 April 22, 2010

    Following the execution of a conditional Sales and Purchase Agreement for WA-401-P on 6 April 2009, 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.

    Download the Full Article 

    Finder’s 2010 AAPG poster in relation to the Walton Basin, offshore Jamaica. April 13, 2010

    Finder’s 2010 AAPG poster in relation to the Walton Basin, offshore Jamaica.

    Download the Full Artcile 

    Finder’s 2010 APPEX presentation and poster in relation to the Walton Basin, offshore Jamaica. March 3, 2010

    Finder’s 2010 APPEX presentation and poster in relation to the Walton Basin, offshore Jamaica.

    Finder has entered into a farm out agreement which provides for Sasol Petroleum Australia Limited January 12, 2010

    Finder has entered into a farm out agreement which provides for Sasol Petroleum Australia Limited, a wholly owned subsidary of Sasol Petroleum International., to earn 45% in AC/P 52.

    Download the Full Article 

    Finder has entered into a farm out agreement which provides for Perenco (SE) Australia Pty Ltd November 2, 2009

    Finder has entered into a farm out agreement which provides for Perenco (SE) Australia Pty Ltd, a wholly owned subsidiary of Perenco S.A., to earn 33% in AC/P 45 and 40% in AC/P 44.

    Download the Full Article

    Finder Exploration Good Oil Presentation September 1, 2009

    Finder Exploration Good Oil Presentation

    Download the Article Here 

    Finder is now 50% equity holder and operator of an additional 4 Exploration Permits within the Bedout Sub-basin. August 4, 2009

    Finder is now 50% equity holder and operator of an additional 4 Exploration Permits within the Bedout Sub-basin.   The WA-436-P, WA-437-P and WA-438-P Exploration Permits were awarded 100% to Finder and the WA-435-P Exploration Permit was awarded to Carnarvon on 4 August 2009.  Finder and Carnarvon have entered into a farm-in agreement to swap 50% of the three Finder permits for 50% of Carnarvon’s WA-435-P, with Finder assuming operatorship across all 4 Permits.

    Click Here to Read More 

    Finder Exploration acquires 100% interest in permit NT/P 79 from the 2008 gazettal closed 9-April-2009 June 24, 2009

    Finder Exploration acquires 100% interest in permit NT/P 79 from the 2008 gazettal closed 9-April-2009

    Click Here to Read More 

    Finder Exploration PESA Deal Day Presentation May 31, 2009

    Finder Exploration PESA Deal Day Presentation

    Download the Full Article 

    Finder Exploration acquires 100% interest in permit AC/P 52 aquired from 2008 gazettal May 26, 2009

    Finder Exploration acquires 100% interest in permit AC/P 52 aquired from 2008 gazettal

    Click Here to Read More 

    EL DORADO, Arkansas – Murphy Oil Corporation (NYSE:MUR) announced the adjustment of 2008 results by $31.1 million February 26, 2009

    EL DORADO, Arkansas – Murphy Oil Corporation (NYSE:MUR) announced the adjustment of 2008 results by $31.1 million due to the expensing of a well drilled on the Abalone Deep prospect in Block AC/P36, offshore Western Australia. The well, completed after the Company’s preliminary earnings release on January 28, 2009, encountered non-commercial quantities of natural gas and is being plugged and abandoned. (Murphy Oil Ltd.)

    Finder Exploration acquires 100% interest in permit WA-418-P aquired from 2008 gazettal October 31, 2008

    Finder Exploration acquires 100% interest in permit WA-418-P aquired from 2008 gazettal

    Click Here to Read More 

    Floater Stena Clyde Due to Spud This November in AC/P36 July 25, 2008

    Oil & Gas Radar 25 July 2008

    Floater Stena Clyde due to spud this November AVO-supported M.australis, multi-TCF LNG-size potential Abalone Deep prospect in AC/P36 [*Murphy 40%, Finder 40% & PTTEP 20%].

    Australia Awards $425 Million in Offshore Permits May 9, 2008

     

    Australian Ministry for Resources and Energy 09 May 2008

     

    The Australian Minister for Resources and Energy, the Hon Martin Ferguson MP, has awarded nine exploration permits representing a $425 million investment in Australia’s offshore petroleum sector.

     

    “The enthusiasm of these companies to invest such large sums demonstrates both the attractiveness of Australia as a location for investment, and the highly prospective nature of our petroleum areas,” Mr. Ferguson said.

     

    “It is also encouraging to see the entry of new explorers to the Australian market. This heightens our expectations of greater exploration activity now and in the future, and improves the chance of a new discovery being made.

     

    “With only about a decade of known oil resources remaining at today’s production rates, Australia is looking down the barrel of a $25 billion trade deficit in petroleum products by 2015. That is why the exploration that will take place in these new permits is so vital to the national interest,” the Minister said.

     

    The new permits cover a range of prospectivities, water depths and play types.
    The nine new permits consist of:

     

    • One permit in the Bonaparte Basin, off the Northern Territory to SIPC Australia Pty Ltd (NT-P76).
    • Four permits in the Bonaparte Basin, in the Territory of Ashmore and Cartier Islands, to Apache Northwest Pty Ltd and Total E&P Australia in equal partnership (AC/P42 and (AC/P43) and Finder Exploration Pty Ltd (AC/P44 and AC/P45).
    • Three permits in the Browse Basin, off Western Australia to Total E&P Australia (WA-408-P) Santos Offshore Pty Ltd, Chevron Australia (W07-5) Pty Ltd and Inpex Browse Ltd. (WA-410-P) and and Santos Offshore Pty Ltd, Inpex Browse Ltd and Beach Petroleum Ltd. (WA-411-P).
    • One permit in the Carnarvon Basin, off Western Australia to Cue Exploration Pty Ltd and Gascorp Australia Pty Ltd (WA-409-P).

     

    One of the areas, NT/P76 (released as NT07-1) is eligible for the Designated Frontier Area tax incentive.

     

    A total of 14 bids were received for the nine areas.

     

    Under the work program bidding system, applicants are required to nominate a guaranteed minimum ‘dry hole’ exploration program for each of the first three years of the permit term and a ‘secondary program’ for the remaining three years. Each component of the program must be completed in the designated year or earlier. Permits are awarded for an initial term of six years, and may be renewed twice for periods of five years.

     

    NT/P76 (released as NT07-1): on Troubadour Terrace in the Bonaparte Basin off the Northern Territory has been awarded to SIPC Australia Pty Ltd. The company proposed a guaranteed work program of geotechnical studies and 500km of 2D seismic reprocessing, 1000 sq km of new 3D seismic surveying, 2000 km of new 2D seismic surveying and data processing to an estimated value of $35.65 million. The secondary work program consists of one well and geotechnical studies to a value of $38.5 million. There was one other bid for this area. This area is subject to the Designated Frontier Area tax incentive.

     

    AC/P42 (released as AC07-1): in the Bonaparte Basin in the Territory of Ashmore and Cartier Islands has been awarded to Apache Northwest Pty Ltd and Total E&P Australia. The companies proposed a guaranteed work program of 2500km of 2D seismic data reprocessing, 895 sq km of new 3D seismic surveying and geotechnical studies, to an estimated value $18.69 million. The secondary work program consists of geotechnical studies and one well to a value of $30.2 million. There were no other bids for this area.

     

    AC/P43 (released as AC07-2): in the Bonaparte Basin in the Territory of Ashmore and Cartier Islands has been awarded to Apache Northwest Pty Ltd and Total E&P Australia. The companies proposed a guaranteed work program of 1500km of 2D seismic data reprocessing, 822 sq km of new 3D seismic surveying and one well, at an estimated cost of $32.95 million. The secondary work program consists of geotechnical studies, to a value of $0.3 million. There was one other bid for this area.

     

    AC/P44 (released as AC07-4): in the Bonaparte Basin in the Territory of Ashmore and Cartier Islands has been awarded to Finder Exploration Pty. Ltd. The company proposed a guaranteed work program of geotechnical studies, 750 km of new 2D seismic surveying and seismic interpretation, at an estimated cost of $2.943 million. The secondary work program consists of prospect identification and one well, to a value of $35.3 million. There were no other bids for this area.

     

    AC/P45 (released as AC07-5): in the Bonaparte Basin in the Territory of Ashmore and Cartier Islands has been awarded to Finder Exploration Pty. Ltd. The company proposed a guaranteed work program of geotechnical studies, 1200 km of new 2D seismic surveying and seismic interpretation, at an estimated cost of $3.602 million. The secondary work program consists of prospect identification and one well, to a value of $35.3 million. There were no other bids for this area.

     

    WA-408-P (released as W07-6): in the Browse Basin off Western Australia has been awarded to Total E&P Australia. The company proposed a guaranteed work program of 1300 sq km of new 3D surveying, 3 wells and geotechnical studies to an estimated value of $94 million. The secondary work program proposes geotechnical studies to a value of $6 million. There were three other bids for this area.

     

    WA-409-P (released as W07-16): in the Carnarvon Basin off Western Australia has been awarded to Cue Exploration Pty Ltd and Gascorp Australia Pty Ltd. The company proposed a guaranteed work program consisting of 1400 km of new 2D seismic surveying and geotechnical studies, with an estimated value of $3 million. The secondary work program consists of 1 well and geotechnical studies, with an estimated value of $25.5 million. There were no other bids for this area.

     

    WA-410-P (released as W07-5): in the Browse Basin off Western Australia has been awarded to Santos Offshore Pty Ltd, Chevron Australia (W07-5) Pty Ltd and Inpex Browse Ltd. The company proposed a guaranteed work program of licensing 375 sq km of 3D seismic data including reprocessing and geotechnical studies at an estimated cost of $0.76 million. The secondary work program consists of one well, geotechnical studies and marketing studies at an estimated cost of $30.5 million. There were no other bids for this area.

     

    WA-411-P (released as W07-7): in the Browse Basin off Western Australia has been awarded to Santos Offshore Pty Ltd, Inpex Browse Ltd and Beach Petroleum Ltd. The company proposed a guaranteed work program consisting of licensing 1425 sq km of 3D seismic data, reprocessing of 1925 sq km of 3D seismic data and geotechnical studies, to an estimated value of $1.46 million. The secondary work program consists of 1 well, geotechnical studies and marketing studies to an estimated value of $30.5 million. There were no other bids for this area.


    Murphy Oil Takes Stake in Australian Acreage November 26, 2007

    Murphy Oil 26 November 2007

    Murphy Oil’s subsidiary, Murphy Australia Oil PTY LTD, has finalized an agreement to acquire a 40% interest and become operator of the AC/P36 exploration permit in the Browse Basin offshore Northwestern Australia from Finder Exploration PTY LTD, a private company. The AC/P36 permit covers approximately one million acres and lies in water depths of 1,200 to 1,600 feet. The permit will be effective after receiving approval from the Australian government.

    Claiborne P. Deming, Murphy Oil Corporation President and Chief Executive Officer, stated, “We are pleased to conclude this farm-in arrangement and gain entry into the Browse Basin, a significant hydrocarbon province with remaining large field potential. This acreage is covered with 3D seismic and holds a number of attractive already defined prospects that we hope to start drilling in late 2008.” Deming also added, “This acreage acquisition is important as it not only marks our entry into Australia where we see further growth opportunities but complements our existing Southeast Asia position which is already yielding strong results in Malaysia. We look forward to seeing our presence grow in this strategic region.”

    Partners in the block are Finder Exploration PTY LTD, 40%, and PTTEP Australia Offshore PTY LTD, 20%.

    PCJ Negotiates 2nd Round PSCs, Pending Govt Okay October 4, 2007

    BNamericas 04 October 2007

    State-run Petroleum Corporation of Jamaica (PCJ) has negotiated production sharing contracts (PSCs) for offshore blocks 1, 5, 8 and 17 from the second oil and gas licensing round that ended July 16, PCJ special projects director Raymond Wright told BNamericas.

    This round did not entail a formal bidding process but the submission of informal bids for onshore blocks Negril (2,856km2), Windsor (2,446km2), Portland (4,309km2) and Santa Cruz (1,416km2).

    Offshore blocks totaled 12 and range from 1,924-26,780km2 for a total of 104,262km2.

    The new government and its cabinet now must approve the PSCs, said Wright. Additional details were not released due to pending contract approval and signing.

    Contracts entail five-year exploration and 20-year production periods with an optional 10-year production extension. The maximum income tax rate would be 33.3%, although there could be an exemption for a number of years.

    Excess gas could go to create methanol, fertilizer, urea or LNG, among other products.
    According to the government, attractive factors include low entry costs, well locations in shallow to moderate water depths, a relinquishment option at the end of each concession period and proximity to the Gulf of Mexico and other US markets.

    In 2005, Australian company Finder Exploration and Canada’s Rainville picked up blocks in a first licensing round. Exploration activity in Jamaica has occurred in two phases: 1955-73 done by private companies and 1978-82 by PCJ.

    PCJ Extends Round 2 Proposal Deadline to July June 4, 2007

    BNamericas 04 June 2007

    State-run Petroleum Corporation of Jamaica (PCJ) has extended to July 15 the deadline to submit proposals to explore offshore and onshore areas in a second oil and gas-licensing round, PCJ special projects director Raymond Wright told BNamericas.

    The onshore blocks are Negril (2,856 km2), Windsor (2,446 km2), Portland (4,309 km2) and Santa Cruz (1,416 km2). The offshore areas range from 1,924-26,780 km2 for a total of 104,262 km2.

    This round does not entail a formal bidding process but only the submission of informal bids. The previous deadline was June 1.

    The deadline was extended to give companies that recently purchased data packages more time to prepare proposals, Wright said.

    Although the names of companies that purchased packages were not disclosed, the industry, technology, energy and commerce ministry has reported Anglo-Dutch Shell (NYSE: RDS-B), Brazil’s federal energy company Petrobras (NYSE: PBR) and US firm Murphy Oil have expressed interest.

    Contracts would entail five-year exploration and 20-year production periods with an optional 10-year production extension. The maximum income tax rate would be 33.3%, although there could be an exemption for a number of years.

    Excess gas could go to create methanol, fertilizer, urea or LNG, among other products.

    According to the government, attractive factors include low entry costs, well locations in shallow-to-moderate water depths, a relinquishment option at the end of each concession period and proximity to the Gulf of Mexico and other US markets.

    Australian company Finder Exploration and Canada’s Rainville Energy in 2005 picked up five and three offshore Jamaican blocks respectively that cover 23,193 km2 in total.

    Jamaica to Offer Offshore, Onshore Areas in Round 2 December 18, 2006

    BNamericas 18 December 2006

    Jamaica’s government plans to open up additional offshore and onshore acreage in a second oil and gas licensing round following the first round in 2005, Petroleum Corporation of Jamaica (PCJ) said in a statement.

    As a result, PCJ has organized a presentation in Houston, Texas, on January 31 to outline details of the second round.

    Session topics will cover the current acreage position, terms and conditions, and new seismic and gradiometer data. Data packs will be available for US$55,000.

    TERMS & CONDITIONS

    Contracts would entail five-year exploration and 20-year production periods, with an optional 10-year production extension. The maximum income tax rate would be 33.3% and/or a possible tax exemption for a number of years.

    Excess gas could go to create methanol, fertilizer, urea or LNG, among other products.

    ATTRACTIVE FACTORS

    According to the government, attractive factors include low entry costs, well locations in shallow-to-moderate water depths, a relinquishment option at the end of each concession period and proximity to the Gulf of Mexico and other US markets.

    Of Jamaica’s 20 offshore and four onshore blocks – each 2,500 sq km – eight offshore blocks are under license. Australian company Finder Exploration holds five blocks and Canada’s Rainville Energy three.

    The Caribbean country’s industry, technology, energy and commerce minister Phillip Paulwell in August said Brazil’s federal energy company Petrobras (NYSE: PBR) was examining the remaining blocks.

    E&P UPDATE

    Norwegian company Fugro from February-May this year conducted an offshore seismic survey of Finder’s blocks, according to PCJ’s website. More than 6000km of line data was collected and is being processed.

    Finder also begun an aeromagnetic and gravity survey of its offshore area aimed at identifying possible areas for further attention.

    For its part, Rainville is in the seismic survey stage.

    To date no commercial reserves of oil and gas have been found in Jamaican territory, although oil and gas shows occurred in 10 wells, PCJ said.

    Jamaica: Petrobras Mulling Offshore Oil Exploration September 11, 2006

    Petrobras 11 September 2006

    Brazil’s federal energy company Petrobras (NYSE: PBR) is considering plans to explore for oil off Jamaica’s coast, according to the latter country’s industry, technology, energy and commerce minister Phillip Paulwell.

    “We’re looking at something happening in the next 30 days,” newspaper Jamaica Gleaner quoted Paulwell as saying. The minister has just returned from Brazil.

    Of Jamaica’s 20 offshore and four onshore blocks – each 2,500 sq km – eight offshore blocks are under license. Australian company Finder Exploration holds five blocks and Canada’s Rainville Energy three.

    The minister said Petrobras was examining the remaining blocks.

    Petrobras would be able to explore for five years under state energy company PCJ’s standard agreement offered to exploration firms. Should it strike oil, the Brazilian company would be allowed 20 years of extraction rights under a profit sharing agreement that could see PCJ retain 12.5%, the report added.

    During his visit to Brazil, Paulwell also renewed a memorandum of understanding that calls for Petrobras to provide technical assistance on ethanol and biodiesel.

    “I think we should be seeing some experimental crops this time next year and once that is successful, then we could see the start of processing,” he said.

    Jamaica Joint Venture Exploration Program Enters New Phase May 25, 2006

    Gippsland Offshore Petroleum Ltd 25 May 2006 

    Gippsland Offshore Petroleum and their partners in the Jamaica Joint Venture (Finder Exploration Pty Ltd) report that the extensive exploration program for the Walton Basin has entered a new phase. Acquisition of the extensive long offset 2D seismic program was completed ahead of schedule and the Fugro operated vessel Akademik Shatisky is currently demobilizing. 

    Completion of the seismic coincides with the Petroleum Corporation of Jamaica (PCJ) granting exploration rights to the Jamaica Joint Venture an additional offshore permit: Block 6. The JV applied to the PCJ for this additional block after completing the reprocessing of old seismic data in the area and identifying prospective zones within the unlicensed block. The timely award of Block 6 is testimony to the excellent working relationship that the Jamaica Joint Venture has established with the PCJ. 

    The award of Block 6 increases the JV’s acreage holding in the Walton Basin, offshore Jamaica to approximately 14,000 square kilometers. 

    The award of the additional block also triggers the commencement of the BHP Billiton FALCON airborne gravity gradiometer survey which is due to start later this week. The FALCON technology will be employed over blocks 6, 7 and 10 to map structure, lithology of the basins and in particular to provide detailed information on the reefs which are the key exploration play for most of the region. It is the first survey that Gippsland Offshore will be flying with BHP Billiton under their recently signed technology agreement. 

    The integration of the extensive long offset seismic data and the detailed FALCON will be an exciting first for oil and gas exploration around the world. Gippsland Offshore and Finder Exploration bring unique technical expertise to the acquisition and interpretation of these data that will be key to unlocking the potential in Jamaica. 

    The joint venture is well underway to meet their target schedule for data acquisition and interpretation that aims to identify drillable prospects by the end of 2006/early 2007. 

    Gippsland Offshore Begins Seismic Work Offshore Jamaica April 4, 2006

    Gippsland Offshore Petroleum Ltd 04 April 2006

    Following the signing of the Production Sharing Contracts with the Petroleum Corporation of Jamaica earlier this year, GOP and their partners in the Jamaica Joint Venture (Finder Exploration Pty Ltd) report that the extensive exploration program for the Walton Basin has commenced. The survey covers the exploration licenses in blocks 7, 10, 11 and 12.

    The Fugro operated Akademik Shatsky has begun acquisition of 7,180 line kms of long offset, 2D seismic data. Close cooperation with the fisherman in the Pedro Keys region on the southern margin of the Walton Basin has been established to create minimum disturbance to their activities and acquisition is expected to be completed by the end of May with final products delivered to the joint venture in September.

    The long offset (8km) streamer length has been designed to acquire high quality data beneath the extensive reef system in the basin. It is here that the source rocks and deeper potential traps are located in the section.

    Together with the long offset seismic program, the BHP Billiton FALCON Technology will be employed over a large portion of the acreage to map structure, lithology of the basins and in particular to provide detailed information on the reefs which are the key exploration play for most of the region. The FALCON aircraft is planning to mobilize to Jamaica in April, 2006. It is the first survey that GOP will be flying with BHP Billiton under their recently signed technology agreement.

    The integration of the extensive long offset seismic data and the detailed FALCON will be an exciting first for oil and gas exploration around the world. GOP and Finder Exploration bring unique technical expertise to the acquisition and interpretation of these data that will be key to unlocking the potential in Jamaica.

    Both GOP and Finder Exploration Pty Ltd enjoy a good working relationship with the Petroleum Corporation of Jamaica who have not licensed the offshore Walton Basin area for over 20 years.

    The joint venture has a very aggressive data acquisition and interpretation schedule planned for 2006 that aims to identify drillable prospects by the end of 2006/early 2007.

    Tap Oil Awarded New Permit Offshore Taranaki Basin January 4, 2006

    Tap Oil Ltd 04 January 2006

    Tap Oil has been awarded 30% interest in exploration permit PEP 38496 in the Offshore Taranaki Basin in New Zealand. PEP 38496 is around 500 square kilometers in area and located in the Offshore Taranaki Basin, immediately north of the Pohokura Gas Field. 

    PEP 38496 complements Tap’s existing 3 offshore permits in New Zealand and has potential for significant hydrocarbon accumulations. The joint venture will immediately reprocess existing seismic data to delineate drillable prospects in this prospective offshore Taranaki Basin permit. 

    PEP 38496 Joint Venture participants are Tap (New Zealand) Pty Ltd as operator with 30% and Finder Exploration Pty Ltd with 70%. 

    Australia Awards Seven Exploration Permits November 2, 2005

    Australian Oil & Gas Ministry 02 November 2005

    An additional $180 million will be invested in offshore petroleum exploration over the next six years following the announcement of seven new exploration permits by Federal Resources Minister Ian Macfarlane.

    Mr. Macfarlane announced the permits as part of the Australian Government’s ongoing release of offshore acreage for petroleum exploration.

    “In times of growing global demand for oil and gas, these permits represent significant opportunities for exploration companies looking to make the next big petroleum discovery in offshore Australia,” he said.

    “Today’s announcement adds to the 22 exploration permits already granted by the Australian Government in the last 12 months, and brings total committed exploration expenditure to $675 million,” he said.

    “It’s an encouraging investment and a sign that the Government’s strategy to promote greater exploration in Australia’s vast offshore basins is making an impact.”

    Today’s announcement includes:

    • one permit in the Perth Basin off Western Australia, not far from existing infrastructure and the Perth market. Interest in the area has grown following the Cliff Head oil discovery in the northern part of the Basin;
    • one permit in the Otway Basin off Victoria, close to onshore pipelines, refineries and markets;
    • two permits in the northern Bonaparte Basin off the Northern Territory, close to the giant gas fields of Evans Shoal and Abadi, as well as the soon-to-be-completed LNG plant in Darwin; and
    • three permits in the Territory of Ashmore and Cartier Islands, adjacent to petroleum accumulations – including some with demonstrated commercial potential.

    The Australian Government will administer the new permits jointly with the respective state and territory governments.

    Under the work program bidding system for the award of exploration permits in Australia’s offshore areas, applicants are required to nominate a guaranteed minimum ‘dry hole’ exploration program for each of the three years of the permit term and a secondary program for the remaining three years. Each component of the program must be completed in the designated year or earlier. Permits are granted for an initial term of six years.

    Permit Vic/P62 (released as V04-2) in the Otway Basin has been awarded to Trident Energy Limited. The company proposed a guaranteed work program of studies, and 420 km of new 2D seismic data acquisition at an estimated cost of $1.77 million. The secondary work program consists of studies and one exploration well at an estimated cost of $8.4 million. The permit was granted on September 13, 2005. There were no other bids for the area.

    Permit WA-368-P (released as W04-17) in the offshore Perth Basin has been awarded to Nexus Energy Australia N L. The company proposed a guaranteed work program of studies, acquisition of 300 km2 of new seismic data and one exploration well with an estimated cost of $9.05 million. The secondary work program consists of studies and one exploration well estimated to cost $5.4 million. The permit was granted on August 1, 2005. There were two other bids for the area.

    Permit NT/P69 (released as NT04-2) in the Bonaparte Basin has been awarded to ConocoPhillips Australia Exploration Pty Ltd and Santos Offshore Pty Ltd. The companies proposed a guaranteed work program of one exploration well, acquisition of 1 000 km2 of new 3D seismic data, reprocessing of 5 000 km of 2D seismic data and studies, at an estimated cost of $37 million. The secondary work program consists of one exploration well and studies at an estimated cost of $23 million. The permit was granted on October 10, 2005. There were two other bids for the area.

    Permit NT/P70 (released as NT04-3) in the Northern Bonaparte Basin has been awarded to Australian Oil and Gas Corporation. The company proposed a guaranteed work program of 300 km2 of 3D, and 700 km of 2D seismic data acquisition and studies at an estimated cost of $3.85 million. The secondary work program consists of one exploration well and studies with an estimated cost of $15.45 million. The permit was granted on October 10, 2005. There were no other bids for the area.

    Permit AC/P35 (released as AC/04-2) in the Bonaparte Basin has been awarded to Natural Gas Corporation Pty Ltd, Auralandia N L, and Gascorp Inc. The companies proposed a guaranteed work program of studies, and acquisition of 250 km2 of new seismic data estimated to cost $3.4 million. The secondary work program consists of studies, and one exploration well at an estimated cost of $15.6 million. The permit was granted on 18 October 2005. There were no other bids for the area.

    Permit AC/P36 (released as AC/04-3) in the Northern Browse Basin has been awarded to Finder Exploration Pty Ltd. The company has proposed a guaranteed work program of licensing 4064 km2 of 3D multi-client seismic data, and studies at an estimated cost of $13.95 million. The secondary work program consists of one exploration well and studies with an estimated cost of $10.2 million. The permit was awarded on October 18, 2005. There were no other bids for the area.

    Permit AC/P37 (released as AC/04-4) in the Northern Browse Basin has been awarded to Apache Northwest Pty Ltd. The company has proposed a guaranteed work program of purchasing 415 km2 of 3D multiclient seismic data, one exploration well and studies with an estimated cost of $15 million. The secondary work program consists of acquiring 500 km2 of new 3D seismic data, one exploration well and studies estimated to cost $18.8 million. The permit was awarded on October 18, 2005. There were no other bids for the area.