Monday 23 Oct, 2017
About Paltar Petroleum Limited

Paltar Petroleum is focused on the acquisition of, and exploration for, unconventional oil and gas projects around the world. The company’s management, led by Chief Executive Officer, Marc Bruner, has a track record of identifying large unconventional projects worldwide. Such projects have included the Mako Trough (40 TCF) in Hungary, the Karoo Basin (30 TCF) in South Africa, the Uinta Basin (6.2 TCF) in Utah and the Pinedale Anticline (23.5 TCF) in the Green River Basin, Wyoming and the Pennaco Energy project (2 TCF) in the Powder River Basin, all located in North America, and the Beetaloo Basin (estimated recoverable potential reserves of 64 TCF and 17 billion barrels of oil) located in the Northern Territory, 500 km southeast of Darwin, Australia.

 

Paltar, through its joint venture agreement with 50% partner, Sweetpea Petroleum Pty Ltd, has applied for 3 licences in the Beetaloo Basin (EPA 136, EPA 143 and EPA 197).

 

Paltar’s tenement applications are located around 4 other exploration permits held by Falcon Oil & Gas Australia.

 

Paltar believes that Falcon has discovered one of the world’s largest in place oil and gas deposits. Independent engineering firm Ryder Scott report states an estimated potential resource of approximately 500 billion barrels of oil, and 500 trillion cubic feet of gas in place. There are two world class shales over 800 metres thick. The sweet spots are remarkably consistent in thickness and are regionally pervasive. Marc Bruner and Paltar’s Chief Geologist, Ben Law, believes these shales and sweet spots extend into its adjacent property of over 2 million acres.

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