Cliff Head Oil Field

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Xanadu Joint Venture

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Mount Horner

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Company Highlights
  • Up to June 30th the Cliff Head Oil Field produced and sold 72,627 bbls (ave. 798 bopd)
  • Long lead items secured to return CH-13 to production, we expect this to be achieved during Q4 2019
  • On 31 May 2019 the TP/15 Joint Venture was pleased to report that Norwest Energy NL, Operator received the necessary State Government approvals to proceed with the planned Xanadu 3D seismic survey
  • A full Xanadu 3D seismic survey was completed subsequent to the end of the quarter on the 11 July 2019
  • On 6 May 2019 we announced the release of 11,191,052 fully paid ordinary shares from Voluntary Escrow
  • On 28 June 2019, the Company repaid its US$1,383,253.65 loan to Tamarind Resources Pte Ltd