• 
  Home
• 
  Corporate
  Governance
• 
  Company
  Overview
• 
  Board &
  Management
• 
  Assets &
  Projects
• 
  Investor
  Relations
• 
  Corporate
  Directory
• 
  Contact

Assets and Projects

B ridgeport Energy, through its 100% owned subsidiaries, has interest in 26 production licences and
5 exploration permits onshore Australia. The Company's net proved and probable (2P) reserves total approximately 3.3 million barrels of oil (MMbo) and the proved, probable and possible (3P) reserves total approximately 5.5 MMbo. In addition, Bridgeport has identified oil resource potential totalling about 6 MMbo and over 300 Bcf of CSG potential (net to Bridgeport) in its exploration permits.

Location Map - Bridgeport Asset Areas

The following assets are located in the Eromanga Basin, 60 km southeast of the township of Eromanga and 50 km northeast of the Jackson oil facility.

• PL 214 producing asset; 60% interest and operator of the Utopia Field. Bridgeport, as operator, is presently undertaking continuing oil field development activities, which is producing at circa 100 bopd. In addition to the oil reserves contained in the permit, Bridgeport owns and manages the producing infrastructure, inventory and access roads. The company has now drilled 5 development wells in this permit and acquired circa 90 km² of 3D seismic data across the field.

• PL 256 and ATP 269P G producing assets; 6.1% interests in the Bargie oil field and the Glenvale-1 oil well, respectively. Operated by Beach Petroleum, these fields are presently producing at circa 20 bopd.

• ATP 560P exploration asset; 90% (average) working interest in six blocks comprising the 904 km² exploration permit. In November 2010 Bridgeport, as operator, drilled the Ubute-1 exploration well in the permit and in 2011 the Company also recorded 63 km of 2D seismic data.

The following Santos-operated Jackson area production licences and the ATP 259P Naccowlah exploration block are located near the Jackson oil field in southwest Queensland in which Bridgeport holds a 2% interest.

• Jackson Area producing assets; 2% interest in 23 production licences in the vicinity of the Jackson production facility. Together, the production licences are presently producing at circa 2,000 bopd (net interest 40 bopd). Besides the producing interest Bridgeport holds a 5% interest in the Jackson oil truck loading facility which allows the company to transport its own crude cost effectively.
• ATP 259P-N exploration asset (Naccowlah Block); this exploration acreage, totalling 1,065 km² in area, has significant oil potential in proximity to existing pipeline, processing and transport infrastructure.

The following assets, located in the Cooper-Eromanga Basin, north of the town of Windorah and approximately 250 km northeast of Eromanga Township, are operated by Bridgeport.

• PL 98 producing asset; 100% interest and operator of the Inland oil field. The field is currently producing circa 200 bopd. A remediation program is planned to work-over some of the wells, drill additional Hutton Sandstone infill development wells and develop the Birkhead Formation as a secondary oil play. Bridgeport owns producing infrastructure, a facility capable of storing up to 5,000 barrels of oil, inventory and access roads.

The following two non-operated permits are located in the onshore Otway Basin, in southwest Victoria.

• PEP 150 exploration asset; 15% interest in this 3,253 km² permit that is located near the town of Portland, Victoria. The permit is under application. Despite good oil shows in several wells within the permit area, no resource potential has been assigned to it at this early stage.
• PEP 151 exploration asset; 25% interest in this 864 km² permit that is located west of PEP 150. Based on recent seismic mapping, the permit contains potential oil resources within exploration prospects. Further seismic acquisition is being considered for risk mitigation prior to a drilling decision.

Assets and Projects Links