PETRATHERM LIMITED 
By Petroleum Exploration Licence
This decision by Petratherm to extend into conventional and unconventional oil and gas exploration leverages our core areas of expertise that include basin geology and deep drilling (developed from working on engineered geothermal systems) and our knowledge of the Australian electricity and gas markets.
As part of the licence application process, PetraGas responded to 22 written submissions from potentially affected landowners and this resulted in some areas being excised from the final licence area (refer Figure 2).
ASX Code: P T R
ABN 17 106 806 884
Level 1, 129 Greenhill Road
Unley SA 5061
T: +61 8 8274 5000
F: +61 8 8272 8141
W: www.petratherm.com.au/
E: admin@petratherm.com.au
The exploration program for the first two years of the licence, as outlined in the licence conditions, is as follows:
Year 1: Review of previous work, modeling and interpretation of existing geophysical data, field sampling, core collection and analyses, and
Year 2: Gravity and/or magneto-telluric surveys to map basin geology.
Prior to commencing any on ground exploration work, PetraGas will require approval of that work from Mineral Resources Tasmania (MRT). As part of that approval, appropriate stakeholder consultation must be undertaken in accordance with MRT's regulations and codes of practice.
Terry Kallis
Managing Director
MEDIA CONTACTS: | ||
Terry Kallis | Petratherm Ltd | 08 8274 5000 |
Kieran Hall / Tim Hughes | Hughes Public Relations | 08 8412 4100 |
Figure 1 Location Map of Petroleum Tenement Area.
Figure 2 Detail Map of Petroleum Tenement Licence Area - Areas excised within the broader tenement boundary outlined in magenta.
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