Thursday 17 Oct, 2019
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 500+ TCF and 500+ 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 2 permits in the Beetaloo Basin (EP136 and EP143).


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


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.


Paltar also hold 4 permits in the Victoria and Ord Basins (EP231, EP232, EP234 and EP237) with a further 6 permits in Application.

Paltar Petroleum Limited    L10, 32 Martin Place Sydney NSW 2000 Australia    |   Home   |   About   |   Investors   |   Company   |   Contact

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