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The Australian Petroleum Production & Exploration Association (APPEA) said the report should encourage the immediate suspension of the hydraulic fracturing moratorium in the Northern Territory.
Strike Energy is in the hunt for a gas prize estimated at up to 11 trillion cubic feet.
Association’s chief urges states to back off fracking inquiries to facilitate greater supply in the east.
The Norwegian oil and gas company has swapped interests in exploration permits with BP in the Great Australian Bight area.
Beach Energy, Santos, Strike and Senex have been named recipients of AU$24 million in grants from the South Australian government.
Santos is on track to supply about 11% of the ACCC’s expected east coast gas demand in 2018.
Santos said April 3 it would "engage with" Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017.
Australia had sought a boundary aligned with its continental shelf, but East Timor argued the border should be half way between it and Australia—placing much of the Greater Sunrise Field under its control.
Australia had sought a boundary aligned with its continental shelf, but East Timor argued the border should be located half way between it and Australia—placing much of the Greater Sunrise fields under its control.
The resource giants had said they were looking to sell 13 fields, licenses and associated infrastructure held in Australia's Gippsland Basin.
AWE said on Dec. 19 Waitsia holds 820 petajoules (PJ) of proved and probable reserves, up from the previous estimate of 811 PJ as some contingent reserves have been reclassified. The estimate has been raised 80% since June after the company drilled new wells.
Norwest Energy NL, the permit operator of TP/15, confirmed hydrocarbons at Xanadu-1 stemming from a successful drilling program.
AWE Ltd. has confirmed the extension of the Waitsia Field in Australia with the Waitsia-3 well encountering natural gas shows in the Kingia and High Cliff sandstone reservoirs, the company said in a July 4 news release.
The company plans to perform a three- to six-month extended production test starting in third-quarter 2017, following the completion in April of a light oil resource volume assessment, to help determine the commerciality of the discovery.
The company's 2P reserves for its ATP814P coal seam gas asset have jumped by 29 percent to about 2 Bcm (71 Bcf). Meanwhile 3P reserves have jumped by 49 percent to about 8 Bcm (284 Bcf).
The company said its Marauder-1 well, located in PEL 104, encountered good oil shows within Birkhead sands with evaluation of logs indicating net pay of up to 8.6 m within a 17.5 m gross oil column.
Transerv executive director Stephen Keenihan described the results as outstanding because they extended the known parameters of the gas at Warro, both at depth and laterally.
Wireline logs indicate a gross oil-bearing interval of about 23 meters at the top of the Ungani Dolomite section in the well, Buru Energy said.
Stanleys-1, on the Western Flank, reached total depth on March 5 and had strong oil shows.
The PEL 513 joint venture made its second wet gas discovery in Cooper Basin, Australia.