AUSTRALIA

Junior ready to shoot Darling Basin seismic

RED Sky Energy is about to start shooting two seismic surveys in the frontier Darling Basin, western New South Wales, following results from its airborne geochemical survey.

Junior ready to shoot Darling Basin seismic

The Sydney-based company said the results from the seismic surveys would likely identify several prospects that were suitable for drilling.

The first 100 kilometre seismic survey will be undertaken in PEL 451 to investigate three geochemical anomalies identified last August by the company's Sky Hunter Exploration airborne survey.

Red Sky said these anomalies appeared to coincide with large yet relatively shallow structures previously recorded in the area by BHP Billiton and the former Department of Mineral Resources.

Once complete, the company will start the 50km second survey in PEL 420 to provide more information on another large geochemical anomaly, which also coincides with a structure previously identified by the department.

Red Sky wholly owns the exploration rights to six permits in the Darling Basin, strategically located between Sydney and north-east South Australia’s Moomba gas hub.

Some drilling was carried out in the basin during the early 1960s without much success. But the Darling’s new entrants – Red Sky, Eastern Star Gas and Duncan Hardie – believe there are several prospects with potential to hold up to 800 million barrels of oil or 2 trillion cubic feet of gas in place.

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