EXPLORE OCTANEX

Octanex has an extensive portfolio of Australian and New Zealand offshore petroleum acreage interests and partners with world-class Operators. Supporting its growth strategy, Octanex has acquired an interest in a Malaysian RSC and is pursuing SE Asian production interests.

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STRATEGY

Octanex has pursued a grassroots exploration strategy over many years. Its business has been to seek prospective acreage and to upgrade that acreage through seismic acquisition and the development of attractive targets, with the general intention of attracting international companies as farminees.

Octanex is implementing a change in strategy so as to reduce its exposure to exploration and to include the acquisition or development of near-term production assets which have the capacity to provide future cashflow generation.

INVESTORS

Octanex holds working interests in numerous petroleum exploration permits, that are predominantly situated in the offshore basins of Australia and New Zealand.

The company strives for the best outcome for its shareholders in all endeavours.

LATEST NEWS

SHOWCASE

Malaysia

Reflecting Octanex’s expanding geological and geographical focus, Octanex has opened a Technical and Representative office in Kuala Lumpur, Malaysia. Kuala Lumpur is well located for South East Asian deal-flow, with the region offering numerous petroleum opportunities in prolific hydrocarbon basins, including brownfield opportunities.

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SHOWCASE

Browse Basin

The offshore Browse Basin is located approximately 350km off the coast of Western Australia and is estimated to contain contingent volumes of more than 15 trillion cubic feet of dry gas and more than 400 million barrels of condensate. Octanex has an interest in the Greater Cornea Fields, discovered by Shell in 2001, with significant contingent oil and gas resources.

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SHOWCASE

Carnarvon Basin

The Carnarvon Basin is located both on and offshore Western Australia and has numerous oil and gas fields. Octanex has interests in six exploration permits in Offshore Carnarvon Basin, to date, four of which it has successfully attracted farm-in partners.

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SHOWCASE

Southern Bonaparte Basin

The Bonaparte Basin is located predominantly offshore of the north-western coast of Australia.  Being highly prospective for exploration, the Basin already contains a number of very significant petroleum discoveries, including the Bayu/Undan, Caldita, Barossa, Petrel, Tern and Frigate fields.  Octanex holds 100% interests in five petroleum exploration permits in the Southern Bonaparte Basin. MORE

SHOWCASE

Taranaki Basin

The Taranaki Basin, located offshore New Zealand’s North Island, is currently the only producing basin in New Zealand. A majority of fields contain mainly gas but nearly all fields produce a proportion of oil/condensate. Octanex has a strong exploration position in five contiguous permits in the Taranaki Basin.

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