ATP 582 is the largest on shore permit in Queensland, comprising 5.0 million acres over portions of the Southern Georgina Basin and the Simpson Basin. Both basins are largely unexplored by North American standards, and bothare thought to be highly prospective for unconventional hydro-carbon resources. As a result, large financial commitments have been made by world-class majorsincluding Statoil, Total and Santos on lands immediately offsetting ATP 582 in both basins.
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