On 28 July 2022, Blue Energy announced $20 million capital raise, of which $3.6 million will be spent on seismic acquisition for our JV Wiso/Birrindudu Project.
Details see Blue Energy ASX Announcement.
Wiso Basin is a large unexplored basin with little petroleum drilling and seismic data, thus having little known information. Geoscience Australia suggests Wiso Basin likelybears the same stratigraphy as McArthur Basin including Beetaloo Basin. Our seismic program has the potential to open another hot spot for NT shale gas industry.
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