Finder Energy has been awarded a 100% interest in the highly competitive exploration permit WA-547-P, located within the prolific North West Shelf oil and gas province off Western Australia.

WA-547-P is situated in the Northern Carnarvon Basin and is along trend with the Dorado oil discovery (see map). Finder was pivotal in unlocking the resource potential of this basin and the Finder group currently holds a royalty interest over the Dorado Field and surrounding acreage.

Finder has identified 3 material oil prospects of the Lower Triassic, all of which hold a P50 resource potential in the order of 100mbbls as well as a number of other leads within the permit.

“Finder is excited about the potential of this block which is on trend with the Dorado discovery. WA-547-P was the most competitively bid block in the recent round and lies in an area which is attracting a lot of interest from the industry and will be the most actively explored area in Australia this year. The acquisition is also complementary with our royalty interest over Dorado and other discoveries in the surrounding acreage”, said Damon Neaves, CEO of Finder.

KeyFacts Energy: Finder Exploration Australia country profile