PL 231 (Reids dome gas field)

PL 231 (Reids Dome Gas Field) asset- The company has equity in PL 231, Reids Dome Gas Field, via Dome Petroleum Resources Ltd’s 40% holding (see Dome Petroleum Resources Ltd's announcement on our news page, dated 20-04-2020). The remaining 60% is held by the ASX listed company State Gas Ltd (ASX:GAS).

Reid’s Dome is located in the Bowen Basin in Central Queensland on the apex of the Springsure-Serocold Anticline, hosting a coal seam gas and conventional gas project. The Project is strategically located in easy reach of infrastructure, with the Queensland Gas Pipeline approximately 50 km away.

Conventional gas was discovered at Reid’s Dome during oil drilling in 1955. Through recent drilling and production testing activities it has been confirmed that a significant coal seam gas endowment is also present at Reid’s Dome.