Beach Energy has sealed a deal to buy Cue Energy’s equity in North West Shelf exploration permits WA-359-P and WA-409-P in the Carnarvon Basin offshore Western Australia. WA-359-P and WA-409-P are adjoining exploration permits, which contain the giant Ironbark gas condensate prospect. Ironbark is a Mungaroo Formation structural closure that covers around 400sq km and is defined by high-quality 3D seismic data. The Ironbark prospect is interpreted to have reservoirs of similar age to nearby giant fields such as Gorgon and Goodwyn.
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