South Pacific Resources | South Pacific Resources

Dibiri & Hiri (PPL 356 & 357)

These licences are located in the prospective offshore segment of the Papuan Basin very close to the Pandora and Pasca gas discoveries. The PNG LNG pipeline route passes through the shallow water of PPL 356. PPL 357 is in deepwater where no exploration drilling has been undertaken. PPL 356 & 357 are offshore in the Gulf of Papua. PPL 356 is in shallow, less than 200m of water while PPL 357 straddles the present...

Biwai & Turama (PPL 366 & 367)

These licences are located in the highly prospective onshore Papuan Basin close to oil and gas discoveries and production infrastructure. Three prospective leads have been identified – Turama, East Turama and Gamma River. Seismic acquisition in 2013-14 will determine if any can be promoted to drillable status. Onshore PPL 366 and 367 are located only 16km south of the Barikewa gas discovery (Figure 2). The...

Cape Vogel Basin (PPL 358)

In the offshore frontier is Cape Vogel Basin. Oil and gas seeps have been reported and PPL 358 is west of an Ocean Drilling Project research well that encountered thermogenic gas. The principal subsurface risk is whether effective source rocks are present. Geoscience studies by South Pacific Resources Ltd identified rock sequences in PPL 358 that may contain thermally mature source rocks. This lends credibility to...

Company

South Pacific Resources Ltd ACN 073 099 171 (ASX: SPB) is an oil & gas exploration company. Our mission is to build shareholder value by exploring for and developing conventional and unconventional oil & gas resources principally in PNG.

Projects

The current oil & gas projects of South Pacific Resources Ltd are as follows:

Prospectus Download

Click here to view South Pacific Resources Limited Prospectus – Notice to Prospective Investors.