Rawson to Undertake Seismic Reprocessing Program for its Otway Basin Assets

Rawson Resources Limited reported Wednesday that following the recent successful drilling activity in adjacent exploration licenses in the Otway Basin in South Australia, it will undertake a seismic reprocessing program to better evaluate the unconventional potential of its exploration licenses.

The seismic reprocessing program will comprise selective 2D seismic lines for regional context and may include 3D seismic data. The program will focus on the deeper stratigraphic interval, and in particular Pretty Hill and Casterton formations and will tie its licences with the recent drilling.

Rawson Resources holds the only access point into the Penola Trough, outside of acreage held by Beach Energy and Cooper Energy. Recently, the Penola Trough has attracted considerable attention following positive drilling results from a two well program undertaken in adjacent blocks by Beach Energy (i.e., the Jolly-1 and Bungaloo-1 wells). These wells targeted conventional and unconventional prospectivity in the deeper parts of the Penola Trough, and in particular the Pretty Hill and Casterton formations. Its license, PEL 155 is well positioned over the deeper part of the trough.

Rawson looks forward to providing further updates over the coming few months.


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