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People haven’t twigged about this “early Permian” aspect yet....

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    People haven’t twigged about this “early Permian” aspect yet. They will given time. The recent gas finds has reshaped exploration in the basin.

    • Key believes the permit contains proven play fairways with numerous untested leads and prospects as well as appraisal opportunities of known discoveries.
    • A Geoscience Australia study over the area several years ago highlighted the regionally extensive source rocks, which have good to excellent potential for generating oil.
    • While the majority of hydrocarbon resources in the Perth Basin have been found in the Late Permian clastic sequences, recent Early Permian discoveries onshore are shaping up to be some of the largest gas resources discovered in the last 50 years
 
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