Tri-Star’s Proposed Activities in the Arckaringa Basin

February 23, 2018

Tri-Star Petroleum is proposing 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.

Tri-Star has prepared an Environmental Impact Report (EIR) and Draft Statement of Environmental Objectives (SEO) for fracture stimulation activities within Petroleum Exploration Licenses (PELs) 122 and 123.

We have a long history of oil and gas exploration in Australia and a proven track record of safety using fit for purpose equipment.

Tri-Star has been operating safely for nearly 40 years, and the safety of our people and the communities in which we operate is paramount.

Tri-Star is also a responsible custodian of the environment, with an enviable track record of exceptional environmental performance.

We do not expect our operations to adversely impact the Great Artesian Basin or the local environment. There is approximately 500m to 1,500m of rock between the aquifer and Tri-Star’s target formations.

Tri-Star will have control measures in place to mitigate any 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.

Furthermore, the methods associated with our proposed activities are the same as those used in the Cooper Basin without incident, and have been used in South Australia for more than 40 years with no adverse impacts on aquifers within the Great Artesian Basin.

We have a long history of working with local communities and stakeholders.

Tri-Star has undertaken extensive consultation with stakeholders including the Arabana People, pastoralists, Non-Government Organisations and government agencies in relation to our EIR and SEO for fracture stimulation activities within PELs 122 and 123 in the Arckaringa Basin.