Australia

Sun Resources is part of a consortium of companies exploring one permit in the Dampier Sub-Basin (WA-254-P).  The basin has become Australia’s richest oil and gas province since Bass Strait, with reserves in excess of nine billion barrels of oil equivalent. The WA-254-P permit is currently suspended pending the approval of an application for a retention license covering the Sage-1 oil discovery. Sun Resources is currently marketing it's Joint Venture interest (7.86% - 9.25%) for sale. Block 2 of WA-254-P contains the under developed Sage oil discovery, with a P50 oil in place resource of 15mmbbl (gross).

 

Click Here to view WA-254-P Advanced Prospects