Australian Petroleum & Coal

Tri-Star's Gilbert Gully project represents a promising venture in coal seam gas, backed by a proven resource near crucial infrastructure and existing coal seam gas fields. This strategic positioning contributes significantly to the project's potential success.

At the heart of the Gilbert Gully project lies a deliberate focus on the richly prospective Walloons Subgroup. This geological formation is renowned for its substantial, thick, gaseous coal seams, presenting a prime target for gas extraction.

Before Tri-Star's involvement, Origin held the tenement, spearheading an extensive exploration and appraisal program that encompassed the drilling of more than 60 wells. This initiative significantly contributed to the existing knowledge base and resource evaluation within the area.

Tri-Star has solidified its position in the project by securing a 100% interest in Authority to Prospect 663, which forms the foundation for its involvement in the development and exploration of the area. The ATP is secured by two Potential Commercial Areas (PCA), PCA 85 and PCA 340 and has an independently determined resource of more than 850 PJs.

Presently, Tri-Star is actively exploring various pathways to advance this project toward a state of readiness for development.

Tri-Star directed its resources and expertise towards comprehensively exploring an underexploited and promising deep and tight gas prospect within the Fairfields project. Through an extensive process involving drilling, completing, and stimulating a series of deep wells, Tri-Star acquired a wealth of invaluable intellectual property and a profound understanding of the intricate geology associated with tight gas reservoirs in the Queensland region. This in-depth knowledge gathered through hands-on experience and rigorous analysis has positioned Tri-Star at the forefront of understanding the complexities and nuances of extracting gas from such formations.

With this acquired expertise, Tri-Star now seeks to capitalise on its wealth of knowledge and insights, aiming to unlock new opportunities within the industry. The company intends to apply this specialised understanding of deep and tight gas geology to further exploration endeavours, potentially discovering and developing additional gas resources while optimising extraction techniques in similar geological formations. This strategic leverage of their accumulated knowledge is expected to pave the way for innovative approaches and successful ventures in pursuing new gas reservoirs and enhanced extraction methodologies.

Tri-Star is the applicant for PELA 673 in the Eromanga Basin where it overlies the Birdsville Track Ridge in South Australia.

The project is seeking to test a conventional oil play that could represent an extension to the Western Flank of the Cooper Basin.

Tri-Star is currently negotiating an ILUA with the Deiri people, reprocessing historical seismic data and doing desktop environmental studies.

Exploration on PEL 331 will also be progressed in parallel with the Nightingale exploration plan.

Acquired by Tri-Star in 2010, the Arcadia coal project is located in the Arcadia Valley southeast of Emerald. The project is covered by three EPCs which Tri-Star holds wholly owns.

Tri-Star has drilled approximately 31 drill holes to assess the coal quality of this met-thermal coal resource. Some of the areas of these exploration permits for coal overlap producing coal seam gas fields.