In June 2010, Mitsubishi acquired a 50% interest in 13 conventional oil and gas exploration permits owned by Buru in the Canning Superbasin located in the Kimberley region.
The well will test the oil and gas potential of the Precipice Sandstone, which is the producing reservoir in the Moonie field.
The logging results for MacIntyre-2 are very positive showing approximately 22 metres of true vertical depth (TVD) pay with porosities varying between 5 - 11%.
The assets acquired by ACOR include 5 oilfields: Yellowbank Creek, Thomby Creek, Louise, McWhirter, Narrows and Beardmore.
The well is the first to be tested in these unconventional targets, consequently the objectives of the tests were to determine whether the shale intervals could be fracture-stimulated and whether they could produce hydrocarbons, and to confirm rock, pressure and fluid properties.
Vinidex will supply more than 3,200 km of HDPE interconnecting pipe to Australia Pacific to transport gas and water from its source to treatment plants and the main pipeline.
PetroFrontier has also been re-evaluating its current operational program due to the upcoming wet season in Northern Australia.