Member Info for schlemiel

'Under the funding, Infrastructure and Regional Development Minister Michael McCormack said $200 million would be for Townsville to Tennant Creek; $190 million for Yeppoon to Mount Isa; $190 million Cooktown to Weipa; $100 million for Townsville to Roma and $50 million for Cairns to the Northern Territory border.

"Roads are the arteries of lifeblood for these communities and better roads will get their communities pumping again," Northern Australia Minister Matt Canavan said.

"We will build on our efforts to ensure that work on these roads goes to local communities, as we have done through the Beef Roads and Northern Australia Roads program.

"This will provide more jobs and more economic activity in regional towns."'

https://www.dailymail.co.uk/wires/aap/article-6852987/Millions-roads-north-Queensland.html

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I wonder if this another quid pro quo spending commitment in response to the NTG's decision to allow fracking?

Canavan's determined to develop onshore gas in the NT but we need to oil-gas specific project funding from NAIF

Well, that's me out at the open. I simply cannot afford to take a hefty or indeed any loss at all. Very disappointing for all concerned. Such are the travails of equity investing. Hope no one's been hit too hard

There's always another opportunity across the equity market

nm

Page 103-

'Geochemical data has demonstrated that the Urapungan
and McArthur petroleum supersystems host good to
excellent source rocks with the potential to generate both
oil and gas in the McArthur Basin, as well as in the South
Nicholson Basin and Isa Superbasin. Most kerogens in
greater McArthur Basin source rocks are characterised by
narrow activation energy distributions with high thermal
stability that require high (140–160°C) temperatures for
peak generation. Inherent variabilities within the kerogen
kinetics and petroleum generative potential may be
due to differences in organofacies; this requires further
investigation. Although there are many similarities between
the biomarker signatures, the stable carbon isotopes of both
bulk saturate and aromatic fractions and n-alkanes can
differentiate between source rocks and their derived oils
within the Proterozoic. Specifically, the Paleoproterozoic
Barney Creek Formation is more enriched in d13C than the
Mesoproterozoic Roper Group. Importantly, the only oil to
have flowed to surface in the McArthur Basin is from the
Jamison 1 drill stem test, which has been geochemically
typed to a source rock within the Kyalla Formation. The
results of this study provide a platform to target future work
in northern Australia.'

The Beetaloo focused ones are:

page 92 - Amber Jarrett
And page 106 - Claudio Piane

'The preservation of this ‘live’ petroleum system is a
geological wonder and implies that the Velkerri Formation
has not been dramatically affected by major tectonic or
metamorphic events. It has remained at relatively shallow
depths since its deposition approximately 1.4 billion years
ago, and has been exposed to maximum temperatures
consistent with hydrocarbon generation. Moreover, the
composition of the oil found in the Velkerri Formation is
consistent with derivation from organic matter composed
of bacteria and primitive algae deposited in a marine
environment (eg Munson 2016). The Velkerri Formation
has been divided into three members, the Kalala (lower),
Amungee (middle) and Wyworrie (upper) members
(Munson and Revie 2018). The Amungee Member,
previously referred to as the middle Velkerri, shows the
highest organic richness and thermal maturation of the
same, which has resulted in large quantities of potentially
recoverable resources estimated as 118–293 trillion cubic
feet in volume (Revie 2017). Of prime importance among
the sources of uncertainty associated with this wide range
of estimated resources are: i) reservoir characterisation,
and ii) age dating of burial and tectonic events controlling
the thermal evolution, hydrocarbon generation and
expulsion history of the sedimentary rocks hosting the
resource. Moreover, sills of the Derim Derim Dolerite
emplaced at ca 1.32 Ga intrude the Velkerri Formation,
as seen in a number of wells in the Beetaloo Sub-basin,
providing a thermal perturbation likely affecting the
maturity of the hydrocarbon source rock, at least locally.'

'Introduction

The Proterozoic (ca 1.43 Ga) Velkerri Formation of the
Roper Group (McArthur Basin, Northern Territory)
is believed to host one of the world’s oldest petroleum
systems (Jackson et al 1986). Due to its excellent source
rock characteristics, the formation is currently the target
of exploration activities in the Beetaloo Sub-basin within
the greater McArthur Basin, Northern Territory. This
unconventional resource hosts vast quantities of liquid
and gas hydrocarbons and spans an aerial extent of nearly
80 000 km2 with thicknesses reaching up to 800 m (Abbott
and Sweet 2000, Munson 2016).'

https://geoscience.nt.gov.au/gemis/ntgsjspui/handle/1/88334

This is a detailed presentation of AGES-2019. 150 pages long. It differs completely from the link I posted yesterday which was simply a list of corporate presentations. This is more 'verbatim' as presented in person to the audience

It's a bloody big document and covers Beetaloo and every other aspect of AGES

Yes, each to their own, I suppose. All opinions are indeed welcome even shite ones and believe me I've spoken and written plenty of those in my time!

Yes, each to their own, I suppose. All opinions are indeed welcome even shite ones and believe me I've spoken and written plenty of those in my time!

Description

Interested in servicing the mining and energy industries?

Want to hear the latest news about onshore gas developments?

Want to meet with likeminded people?

Join KMSA at our Industry Dinner and hear from guest speakers who will bring you up to date.

Speakers include
Hydraulic Fracturing Inquiry Implementation Taskforce
Hayley Richardson, Executive Director, HFIIT: Chris Shaw, Executive Director, Onshore Gas Reform: Joanne Townsend CEO, Dept of Environment and Natural Resources

Update on expected 2019 onshore gas industry activity
Progress on implementing the HF Inquiry recommendations

Katherine Regional Resources Conference May 2019

Purpose of the Conference and your Marketing Opportunities

Date and Time

Tue., 26 March 2019

6:30 pm – 9:30 pm ACST

https://www.eventbrite.com.au/e/kmsa-industry-dinner-tickets-59146481719

bigones - you talk SHITE

Origin Energy's Amungee well in the Northern Territory has highlighted the region's vast gas wealth. Peter Eve

Origin and 30 per cent venture partner Falcon Oil & Gas had already found an estimated 6.6 trillion cubic feet of dry gas resources at their Amungee project in the Beetaloo Basin before the moratorium. Now they are planning to drill two wells to test two separate plays about 50-100 kilometres from Amungee that they hope hold gas containing liquids, which would improve project economics.

"What we would really love is for each independent liquids-rich play to work because then you’d have a happy problem which is – which of those plays would you want to go after first as we work toward an economic development," Ms Boyes said.

Developing a liquids-rich gas project could help pay for infrastructure for the overall Beetaloo region, allowing the dry gas also be be brought to market, she added.

While Origin and Santos say the NT's regulations are strict but workable, it remains uncertain whether smaller explorers will be able to cope with the extra demands. Industry sources say that so far, the juniors seem to be holding back, watching carefully to see how the larger players fare.

"The day of the smaller explorers may be coming to an end," one industry source said, pointing to the internal resources needed in community engagement, compliance, regulation and other areas that may be beyond the budgets of juniors.

Mr Gallagher is keen that the momentum towards resuming drilling isn't lost, and underlined the potential benefits to the NT economy.

"The NT economy desperately needs the onshore natural gas industry to go ahead, so with the Pepper Inquiry and 13 other scientific inquiries in Australia [including the Hawke inquiry in the NT in 2014] confirming this can happen safely and without environmental harm, all the stops need to be pulled out to get drilling going this year," he said.

end

https://www.afr.com/business/energy/nt-drillers-poised-for-fracking-restart-20190320-p515v7

NT drillers poised for fracking restart

Angela Macdonald-Smith - Mar 22, 2019 — 3.59pm

Ambitions by Origin Energy and Santos to resume on-the-ground exploration of the Northern Territory's vast but uncertain shale resources in the upcoming dry season have taken a leap forward after the NT Parliament passed amendments to petroleum legislation.

The step leaves just a few recommendations from the NT's fracking inquiry of 2017-18 still to be put in place before approvals can be processed for drilling that could prove up a multi-billion dollar gas and oil resource but which is opposed by some environmental and indigenous groups.

'The new regulations will probably be the strictest in the world, but we think we can work with them.'

— Kevin Gallagher, Santos

Implementing the 35 of the total 135 recommendations from the inquiry that were required before exploration could resume has taken a few months longer than the industry was hoping. That means a foreshortened drilling season this year for the two leading companies in NT exploration, potentially getting underway midyear.

"I’m pretty comfortable that everyone is moving as quickly as they can so we can get back on the ground," said Tracey Bowes, Origin's general manager for the Beetaloo gas project in the NT.

Origin's Tracey Boyes is hopeful drilling in the NT can resume about midyear, depending on approvals. Supplied
Related Quotes

"It might be a month or two later than may have been ideally wanted but it hasn’t caused us to make any major changes to our program which is good."

Santos chief executive Kevin Gallagher said the NT government had made "excellent progress" towards the full implementation of the pre-exploration recommendations from the inquiry led by Justice Rachel Pepper.

"The new regulations will probably be the strictest in the world, but we think we can work with them," Mr Gallagher said.

"We are not quite there yet, but Santos remains very hopeful that we will be able to drill two new wells in the Beetaloo this year and conduct hydraulic stimulation to test the Tanumbirini-1 well, which we drilled in 2014."

Work to explore the Beetaloo Basin, described by some as Australia's answer to the most prolific shale regions of the US, was brought to a halt in August 2016 when Michael Gunner's Labor government came to power and slapped a moratorium on fracking pending a scientific inquiry. The temporary ban on the controversial process, which is needed to bring unconventional oil and gas to the surface, was finally lifted in April last year, with the resumption of on-the-ground work pending implementation of the recommendations and approvals.

Origin Energy's Amungee well in the Northern Territory has highlighted the region's vast gas wealth. Peter Eve

cont below......

ITg - my pleasure

https://dpir.nt.gov.au/__data/assets/pdf_file/0004/669379/940_DellePiane.pdf

A multidisciplinary evaluation of the VelkerriFormation in the BeetalooSub-Basin: Implications for geological history and reservoir quality

All the presentations from AGES-2019. Grab a coffee and enjoy

https://dpir.nt.gov.au/mining-and-energy/ages/presentations

https://www.aacc-texas.org/uploads/1/2/9/3/12937791/northern_territory.pdf

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Rod Applegate from DPIR (NT)...Texas visit in Feb-2019

interesting comments on page 12

well done all...