Among the last untapped Western onshore basins
Our Tasmania project is one of the last, high-potential, untested onshore projects in the western world.
Our affiliate, ATR Tasmania LLC controls a majority interest in both the EL30/2011 and EL3/2017 licenses in Tasmania, Australia
The projected potential for the basin is 1.5 billion barrel-oil-equivalent of oil and natural gas or more.
Recent advanced satellite-based exploration studies have confirmed the enormous potential in the basin. Numerous drilling targets have been identified.
We are seeking investors to partner as we prepare to drill these excellent prospects which have identified and confirmed through numerous geological and geophysical studies. It is important to note that considerable exploration dollars have been spent on the basin already by prior license holders (USD25 million) and significant potential has been defined by the 2D seismic which was acquired and processed.
The Competent Person’s Report from RPS (www.rpsgroup.com/energy.aspx) and other information is available for review.
Innovative work program “funnels into” the most prospective drilling targets in the 1.8 million-acre license
Shovel ready project with rule of law and easy market access
Compelling valuation for investor for 1.5 billion+ BOE potential
Extensive G&G data, oil seeps and competent person’s reports and Terra studies support enormous resource projections
Excellent drilling prospects
The most prospective acreage in the basin
High chance of discovery providing for quick exit
Projected 8X and 121X exit opportunity within 3 to 4 years
TTR LEASE LICENSES
are located onshore in
the Tasmania Basin
Many TCF and
billions of barrels
of oil have been
Analogous basins Cooper / Eromanga in onshore in Central Australia have 100s of millions of barrels and trillions of cubic feet of natural gas reserves
BELLEVIEW DOME - Projected 3 Trillion Cubic Feet of Gas
One of Several Large EL3 License Drilling Prospects
Structure map of the top of Upper Limestone
Structure map of the top of Lower Limestone
Target evaluated based on 2D seismic lines TB01 PB, TB01 TI and TB01 TD passing through the prospect Bellevue Lead
Consistent with the report by RPS Energy, two potential reservoirs are mapped as 4-way closures
The color blends and structure map generated using the 2D seismic lines clearly indicate for a compressional, folded anticline with axial deformation
The Upper and Lower limestones show the bright amplitude response and can be clearly differentiated from the neighboring formations. The fault closure is prominent and is interpreted as a prospective target, if the limestone has secondary porosity