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A Standout Energy Opportunity

Managed Risk. Extraordinary Potential

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Gulf Energy is a key part of the solution

to the looming East Coast Domestic Gas Supply Shortages

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Bamaga Basin: Exciting Giant ‘New Basin’

Opportunity Missed by Others

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Poor quality seismic data and preconceived ideas ‘masked’ the Bamaga Basin and it was only in 2012 that Gulf Energy’s modern 2D regional seismic data, carefully processed, revealed the basin with its intriguing geological history, and large potential petroleum traps which could hold many trillions of cubic feet of natural gas.
Our Story
Gulf Energy’s Q/23P petroleum exploration tenement in the Gulf of Carpentaria, offshore Australia is unique because it covers almost a whole basin, the recently discovered Bamaga Basin with its huge potential petroleum traps and possible hydrocarbon micro-seepage, enhancing its prospectivity. The shallow water depth and proximity to shore makes the Bamaga Basin operationally and commercially attractive. Q/23P’s first exploration well is planned to drill Prospect 3195 in mid-2022.
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Why We’re Distinctive

We seek attractive, new, early-stage business opportunities, overlooked or misappraised by industry, and from them generate substantial shareholder value. Our dynamic, innovative leadership and management is supported by Tier 1 advisers and consultants.

Most new conventional petroleum opportunities are remotely located, in tough environments, where achieving commercial viability is difficult. Q/23P is different. Its location means that the commerciality threshold is much lower, and discoveries can be commercially very attractive.

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Our Projects
Major oil companies are pursuing a rapidly diminishing number of large exploration targets which has forced them to explore in more remote locations and increasingly hostile environments, resulting in progressively more costly projects. In stark contrast the exceptional, large, petroleum resource potential of Q/23P is in a much lower risk and lower cost environment and offers Gulf Energy the realistic opportunity of changing Gulf Energy into a substantial petroleum producer.
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