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Exoma Energy Ltd. has accepted the offer by the Queensland government for four new exploration blocks in Central Queensland, Australia. These four permits, ATP 1127P, ATP 1130P, ATP 1137P and ATP 1150P, cover some 19,000 sq km of the Eromanga and Galilee basins, adjacent to Exoma's existing permit ATP 999P.
Upon final formal granting of the areas by the Queensland government, Exoma will have exploration areas covering in excess of 46,000 sq km of the Galilee and Eromanga basins, of which 39,000 sq km covers the promising Toolebuc shale.
This new acreage is prospective as an extension of the Eromanga Basin conventional oil and shale gas plays discovered in ATP 999P. The permits also cover Permian coal measures within the Galilee Basin that are prospective for coal seam gas.
On the acceptance of the award of the Central Queensland exploration permits, Exoma’s chairman, Brian Barker, said, “This is an exciting time for Exoma as we develop our knowledge and understanding of the variety of hydrocarbon systems present in our current permit areas. The new areas will add extensive acreage to our portfolio and are of significant strategic importance as they provide Exoma with an unparalleled acreage position as we work to unlock the huge potential value in our shale oil and gas, conventional oil and coal-seam gas hydrocarbon systems.”