Top End Energy Limited announce that it has been successful in its application for Area L22-6 in the highly prospective Amadeus Basin. The Company has been successful in its application for Area L22-6 as part of the Western Australian (WA) Government Petroleum Acreage Release 2P/2022, a 6,300 km2 area over the WA extension of the Amadeus Basin. The grant of the permit is subject to the successful negotiation and execution of relevant agreements with the determined native title holders.

Notice has been provided under section 29 of the Commonwealth Native Title Act 1993 that the application attracts the expedited procedure. The grant of the application will be subject to the Company formally agreeing with the Native Title Party to identify and protect Aboriginal sites within the boundaries of the exploration permit. This process is expected to take six to twelve months to complete.

Upon grant the Company will hold a 100% interest in the area. The Company will be able to leverage its existing knowledge of and foothold in the Amadeus Basin to deliver an optimised work program across the key Amadeus permits. The Amadeus is a proven yet underexplored hydrocarbon generating basin containing oil and gas fields that have been producing since the 1980s.

The stratigraphy and facies of the WA Amadeus Basin is analogous to the eastern succession and proven Neoproterozoic petroleum systems and plays are expected to be present. The presence of Helium and Hydrogen in historical wells Magee-1 and Mount Kitty-1 in the Northern Territory Amadeus Basin also represents the opportunity to explore for these gases in natural form in the WA Amadeus Basin.