Dampier Sub-Basin – Carnarvon Basin – Exploration

Octanex has a 25% interest in each of WA-323-P and WA-330-P. Santos holds a 75% interest in each permit and is operator of the Joint Venture.

WA-323-P and WA-330-P comprise 640 km² on the Parker Terrace, in general proximity to the onshore Devils Creek gas processing facility. The Winchester-1/ST1 discovery well was drilled from a location within WA-323-P during 2013.  By itself, the estimated size of the Winchester discovery, is considered to be insufficient to be developed economically. An application for a Location has been lodged by Santos as a pre-requisite for seeking a Retention Lease over Winchester.