Nice to see you on a thread again! I just checked the OIP prospectus .. here's and extract. PEL 6 is on the lower part of the Bowen and Surat basins immediately south of that licence area. Willaroo is a largish prospect just to the west of the Goondiwindi fault that extends from the north into PEL 6.
SURAT/BOWEN BASIN – PEL 6 (97.5% - 95% interest) At the date of this Prospectus, PEL 6 is 97.5% beneficially owned by ESG and 2.5% by private parties except in the PEL 6 Edendale Area where ESG beneficially owns 95% and private parties hold 5% beneficially. The licence covers an area of 5,163 km2 and is immediately south of the Queensland-New South Wales border near Goondiwindi (Figure 2). The northern portion of PEL 6 is located within the limits of the southern extension of the Bowen and overlying Surat Basins. Both basins have been the subject of extensive hydrocarbon exploration in Queensland where numerous oil and gas discoveries have been made since the early 1960s.
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OIP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held