SA Government Gazettal of Tri-Star’s SEO and EIR (Arckaringa Basin Project)

April 11, 2019

Tri-Star Welcomes South Australian Government Gazettal of Arckaringa Basin SEO and EIR.

Tri-Star welcomes the decision by the South Australian Government Minister for Energy and Mining to approve our Statement of Environmental Objectives and Environmental Impact Report to conduct fracture stimulation activities within Petroleum Exploration Licenses 122 and 123 in the Arckaringa Basin.

Last week’s Gazettal of Tri-Star’s Statement of Environmental Objectives (SEO) and Environmental Impact Report (EIR) allows us to progress our proposed activities under the provisions of the Petroleum and Geothermal Energy Act 2000 (PGE Act 2000).

Tri-Star’s SEO and EIR underwent an extended process of public consultation under the PGE Act 2000 which traversed a period of caretaker mode during the South Australian State Election in 2018 and a change of government.

During this time, we undertook extensive consultation with stakeholders including the Native Title groups, pastoralists, the local community, government agencies and other relevant groups in relation to our SEO and EIR.

Tri-Star responded to matters raised in 35 public submissions, received as part of the public consultation process, and worked diligently to refine and resubmit our draft SEO and EIR to the Department of Energy and Mining (DEM) for further assessment.

Tri-Star has a long history of oil and gas exploration in Australia, and a proven track record of operating safely for 30 years of which we are very proud.

We are also a responsible custodian of the environment, with an enviable track record of exceptional environmental performance.

Tri-Star will have control measures in place to mitigate any potential risks, and our exploration and fracture stimulation activities will be undertaken in accordance with all regulatory requirements and the legislative standards of the South Australian Government.

Background

Tri-Star submitted its draft EIR and SEO for fracture stimulation activities within PELs 122 and 123 in November 2017.

Tri-Star Petroleum proposes, and is now approved, to undertake exploration within the Arckaringa Basin, which could involve a number of wells over the next few years, to test the prospectivity of the basin.

Through these activities, Tri-Star hopes to discover oil and gas that could form a commercial reserve.

The company holds seven exploration licences and two applications for an exploration licence in the Arckaringa Basin, covering approximately 57,500 square kilometres.