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Top End Energy: Presence of Organic-Rich Source Rocks on EP 144

19 Sep 2024 1:14 PM | Anonymous

Top End Energy Limited is pleased to provide an update on its recently acquired Exploration Permit (EP) 144 (the Permit), which is located in the South Nicholson Basin area of the Northern Territory (NT) of Australia.

HIGHLIGHTS

  • Existence of organic-rich shales on EP 144 proven by recent drilling on overlapping mineral tenure. 
  • Preliminary analysis confirms Proterozoic organic-rich source rocks are present with up to 3.1wt% TOC, sampled from whole core captured during Encounter Resources’ recent drilling campaign. 
  • Data is consistent with the Lawn Hill shale interval intersected at nearby NDI Carrara-1 stratigraphic well, where TOC was sampled up to 3.2 wt%. • Ongoing organic petrographic analyses to help determine thermal maturity of organic-rich intervals. 
  • Geophysical wireline logging of Encounter’s wells planned ahead of resampling whole core intervals. 
  • Deep stratigraphic well planning to test deeper source rock intervals interpreted on seismic to be present and confirm stacked shale play potential.

Source: Top End Energy ASX Announcement

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