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Surat Basin

The “Deeps” (Queensland)

The “Deeps” tenements are located in the eastern Surat Basin in south-eastern Queensland. The “Deeps” describes the stratigraphic sequences 100 feet below the base of the highly prospective Walloon Coal Measures of ATP (Authority to Prospect) 610P, 620P, 648P and 788P and associated Production Licences (PL).

Pangaea is in joint venture with Origin Energy and Queensland Gas Company Limited (QGC, a BG Group business), to explore and develop the oil and natural gas potential of the “Deeps”.

Pangaea holds interests of up to 75% in the “Deeps”.  Origin Energy and QGC are respective operators of ATP788P, and 610P, 620P & 648P and associated PLs.