Rawson, through our 100% subsidiary Otway Energy, operates Petroleum Exploration Licence (PEL) 155.
Five year license, currently in Year 3
Covers an area of approximately 226 km2
35 km2 3D seismic acquired in 2008
Both conventional and unconventional prospectivity
Conventional prospect defined on 3D seismic, with numerous additional leads defined on 3D and 2D seismic
The exploration licence is located in the Otway Basin, South Australia, approximately 10 km southeast of the Katnook Gas Fields, near the town of Nangwarry, South Australia. PEL155 is prospective for both conventional and unconventional exploration.