This project seeks to prove the petroleum production potential of the highly prospective Toolebuc Formation.
Located within the Eromanga Basin of southwest Queensland, the shale formation has the potential to be a long-term key contributor to the east coast energy market.
A collaboration between Bridgeport Energy, Geological Survey of Queensland and the University of Queensland, the project will integrate existing and modern analytical methods and technologies which have not previously been utilised for evaluating the formation.
The Toolebuc Formation has the potential to supply natural gas to the east coast domestic market, helping to address energy security priorities. Key project deliverables are:
Current Status: contracts signed and project has commenced.
Start: May 2018
Finish: April 2020
Total Project Cost:$545,000
NERA Funding: $272,500
*Funding excludes GST.