Australia at a Glance
Hibiscus Petroleum, through our wholly-owned subsidiary Carnarvon Hibiscus Pty Ltd (Carnarvon Hibiscus) has interests in one licence located in the prolific oil and gas producing province of the Bass Strait of Australia. Â Â
We also have a 11.67% interest in 3D Energi Limited (formerly known as 3D Oil Limited), a company listed on the Australian Stock Exchange. Through 3D Energi, we have indirect exposure to five additional exploration licences.
Gippsland Basin
1) VIC/RL17 Petroleum Retention Lease (Previously known as VIC/L31)
Hibiscus Petroleum’s Interest:
100%
Operator:
Carnarvon Hibiscus
Asset Location:
Gippsland Basin, Offshore Victoria
Water Depth:
50m
Field Life Cycle:
Development
Discovered Field:
West Seahorse
2) Investments:
3D Energi, a company listed on the Australian Stock Exchange is an associate company of Hibiscus Petroleum. As at 1 October 2023, Hibiscus Petroleum holds 11.67% indirect interest in 3D Oil. 3D Oil holds interests in five offshore exploration licences:
A. VIC/P74
100%
Location:
Gippsland Basin, adjacent to Kingfish field, the largest oil field in Australia.
B. T/49P
20%
Location:
Otway Basin adjacent to the Thylacine and Geographe gas fields.
C. WA-527-P
100%
Location:
Bedout sub-basin, adjacent to the recent significant oil discovery at Dorado field.
D. VIC/P79
20%
Location:
Otway Basin adjacent to the Thylacine and Geographe gas fields.
E. GSEL 759
100%
Location:
20km Southeast of Mount Gambier and proximal to the South East Pipeline System.
Highlights
NUMBER OF LICENCES1
1
2C OIL RESOURCES1
8.0
MMbbl
WELL DRILLED
1
Exploration Well
TOTAL EXPLORATION ACREAGE
34 km2
NOTES:
¹ Based on Hibiscus Petroleum’s direct interest in VIC/RL17.
KEY:
- 2C Oil Resources – Best estimate contingent oil resources
- MMbbl – Million barrels