Rawson, through our 100% subsidiary Otway Energy, operates Petroleum Exploration Licence (PEL) 155.
South Australian Government PACE Gas Grant award of $4.95 million made to the Rawson-Vintage JV to drill Nangwarry prospect
Nangwarry is a 57 Bcf1 conventional gas and liquids prospect in the three-way dip, fault dependent trap in the proven Pretty Hill Formation and Sawpit sandstones. It is considered analogous to the nearby Katnook, Haselgrove and Ladbroke Grove gas fields which have produced 70 Bcf since discovery
Gas from PEL 155 can be delivered into the South Australian market utilising existing infrastructure
The Joint Venture has identified further exploration prospects in PEL 155 providing attractive follow up targets
Adjacent to PEL 155, Beach Energy announced in their Reserves and contingent resources statement that the Haselgrove-3 discovery represented a 2C contingent resource of 15 MMboe2 (million barrels of oil equivalent)