Iconic Potential, Accelerated Pace of Discovery, Markedly Reduced Exploration Footprint
Raphael Energy Group Limited is a United Kingdom private limited company registered in England and Wales as company number 10192988 (“Raphael”). Our wholly owned subsidiary Morillion Exploration Pty Ltd (ACN 605 871 565) holds a Western Australia special prospecting authority with acreage option STP-SPA-0089 (“SPA-89”) in the central part of the Officer Basin, a vast, under-explored basin.
Our proprietary processing of gravity and magnetic data has mapped massive structures within SPA-89 that can host reservoirs as thick as 890 meters (2,920 feet) seen in wells to the west of SPA-89 and give SPA-89 iconic potential.
We also employ our MaxEx Direct regional exploration process that seeks, confirms and quantifies hydrocarbon indications by hydrocarbon phase and depth. The outcome of the MaxEx Direct process is the equivalent of a 3D seismic structure with DHIs (direct hydrocarbon indications).
Significantly, MaxEx Direct regional surveys focus the two geophysical field studies on areas with indications of a significant pressured hydrocarbon accumulation to accelerate the pace of discovery as well as sharply reduce capex and exploration footprint.