
October 23, 2023
Global Oil & Gas Limited (ASX: GLV) (Global or Company) is pleased to advise shareholders with an update on the planned exploration program over its 100% owned Exploration Permit 127 in the Northern Territory.
Following the successful 2D seismic reprocessing and subsequent interpretation studies in the permit, the Company is now planning a 2D seismic program that will be conducted in 2024 to further delineate potential targets.

Based on a considerable data quality uplift from the reprocessed seismic the geological interpretation has been refined and several leads identified. To upgrade the leads into drilling targets, an additional 82 km of new seismic is planned. The final line locations are subject to environmental and SSCC approval. Global is moving into the next phase and engaging with stakeholders for the approvals.

Following interpretation of the reprocessed seismic data, the Company has identified the terrace area southwest of the MacIntyre wells (MacIntyre-1, -2, and -2H) as being the most prospective. This area contains a number of structural closures up dip from the reservoir intersections of the MacIntyre wells. These structures require new 2D seismic to confirm closure, de-risk the leads and firm up drilling locations.
The primary reservoir target are the stromatolites in the Hagen Member (A). These exhibit good porosity and permeability and have good oil shows in nearby wells, Phillips- 2, MacIntyre-1 &-2 and Randall-1. A secondary target has been identified in the Thorntonia Limestone(B). his reservoir relies on proximity to faulting that likely enhances secondary fracture porosity. In addition, sabkha deposits forming reservoir seals have been intersected within the Hagen Member in offset wells. These are characterised by the presence of abundant anhydrite, with provides excellent inter- formational and top seal for the two reservoir units.
Click here for the full ASX Release
This article includes content from Global Oil and Gas Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
GLV:AU
The Conversation (0)
24 October
Angkor Finalizes Disposition of Oyadao North License in Ratanakiri, Cambodia
(TheNewswire) GRANDE PRAIRIE, ALBERTA TheNewswire - October 24, 2025 - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces it has finalized the sale of all mineral rights on Oyadao North license to Almighty Natural Resources ("Almighty"). Angkor negotiated a sale... Keep Reading...
23 October
CHARBONE realise sa premiere livraison d'helium dans la region du Grand Toronto et signe un contrat d'approvisionnement de trois ans avec un distributeur independant
(TheNewswire) Brossard, Quebec TheNewswire - le 23 octobre 2025 CORPORATION CHARBONE (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« CHARBONE » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l'hydrogène propre Ultra Haute Pureté (« UHP ») et les gaz industriels... Keep Reading...
23 October
CHARBONE Completes Its First Helium Delivery to the Greater Toronto Area and Signs Three-Year Supply Agreement with Independent Distributor
(TheNewswire) Brossard, Quebec TheNewswire - October 23, 2025 CHARBONE CORPORATION (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (" CHARBONE " or the " Company "), a North American producer and distributor specializing in clean Ultra High Purity (" UHP ") hydrogen and strategic industrial gases,... Keep Reading...
22 October
CHARBONE Announces the Reception of the Main Components at the Sorel-Tracy Site and the Launch of Civil Works
(TheNewswire) Brossard, Quebec TheNewswire - October 22, 2025 CHARBONE CORPORATION (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (" CHARBONE " or the " Company "), a North American producer and distributor specializing in clean Ultra High Purity (" UHP ") hydrogen and strategic industrial gases... Keep Reading...
22 October
CHARBONE annonce la reception des principales composantes sur le site de Sorel-Tracy et le lancement des travaux civils
(TheNewswire) Brossard, Quebec TheNewswire - le 22 octobre 2025 CORPORATION CHARBONE (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (« CHARBONE » ou la « Société »), un producteur et distributeur nord-américain spécialisé dans l'hydrogène propre à Ultra Haute Pureté (« UHP ») et les gaz... Keep Reading...
21 October
Angkor Resources Advances Drilling Plans On Block VIII Oil & Gas License, Cambodia
(TheNewswire) GRANDE PRAIRIE, ALBERTA - October 21, 2025 TheNewswire - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces management's intent for exploratory oil and gas drilling on Block VIII, Cambodia. Angkor's subsidiary EnerCam Resources Co. Cambodia Ltd.... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00

