Phelp River (EPA150) and Borroloola (EPA151)

Phelp River (EPA150) and Borroloola (EPA151), together with the two petroleum tenements (EPA 113, 114) are located in the McArthur Basin region in the Northern Territory, a Proterozoic area which has significant potential for oil shale and conventional hydrocarbon resources.

The McArthur Basin is characterised by thick sequences of organic rich shales which contain high contents of ancient algal plant matter, the prime source material for oil. Numerous oil and gas shows have been recorded from within this basin.

Although exploration activities are only in the very early stages, these tenements are all inferred to contain substantial oil shale Prospectivity as reported by RPS Energy Pty Ltd (RPS), an acknowledged Oil & Gas industry consultancy firm.