EP 198 is located in the northeastern Birrindudu Basin, approximately 600 km south of Darwin near the town of Yarralin. The permit is contiguous with the western edge of Pangaea’s EP 168. The Birrindudu Basin consist of Palaeoproterozoic to Mesoproterozoic sequences which are correlative to those of the McArthur and Beetaloo Basins. Live oil shows from the Timber Creek Formation and Seale Sandstone in a stratigraphic test hole drilled by the Northern Territory Geological Survey in 1999 provides evidence for hydrocarbon systems in these basins.
Pangaea has conducted an airborne full-tensor gravity gradiometry survey and a regional 2D seismic survey in EP 198.
Pangaea has an 82.5% interest in, and operates, this permit.