logo-loader
viewUIL Energy

UIL Energy identifies gas and liquids leads in Western Australia

au_wa_map_6__358_54bdb112adc3d.jpg

UIL Energy (ASX:UIL) has identified a number of early stage conventional leads following a review of historic 2D seismic data and results from nearby wells in the Perth Basin, Western Australia.

The review uncovered 14 exploration leads, five in the northern Perth basin permits and nine in its central Perth basin permits.

These are primarily Jurassic in age, comprising the Cockleshell Gully (Cattamarra Coal Measures and Eneabba) and Cadda Formations.

Notably, these formations contain the Gingin, Red Gully, Warro, Walyering, Mt Horrner, North Yardanogo, Erregulla and Ocean Hill gas and liquids fields and accumulations in neighbouring tenements.

The leads are interpreted to potentially contain gas and gas/liquids which, if successfully drilled, can easily be commercialised in the undersupplied Western Australia gas market.

UIL Energy plans to further de‐risk the leads by shooting 2D and 3D seismic over them in order to establish drillable prospects.

UIL Energy is progressing approvals and commercial arrangements with contractors for its proposed seismic program over parts of its Perth Basin permits.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: UIL Energy

Price: - -

ASX:UIL
Market: ASX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Medallion Resources forms Rare-Earth Elements Supply Chain consortium with a...

Medallion Resources (CVE:: MDL-OTCPK: MLLOF) CEO Mark Saxon joined Steve Darling from Proactive Vancouver with news the company has formed a technical and financial consortium aimed at accelerating the development of a comprehensive rare-earth element supply chain within the United...

13 hours, 28 minutes ago

2 min read